Altice NV : Altice announces today that Altice USA has launched an initial public offering


June 12, 2017

Altice announces today that Altice USA has launched an initial public offering

Altice N.V. (ATC, ATCB, "Altice"), a global convergent leader in telecoms, content and advertising, announces today that Altice USA, Inc. ("Altice USA") has launched an initial public offering of 46,551,725 shares of its Class A common stock pursuant to a registration statement on Form S-1 filed with the U.S. Securities and Exchange Commission (the "SEC"). The initial public offering price is currently expected to be between $27.00 and $31.00 per share. Of the shares of Altice USA common stock included in the offering, 12,068,966 shares will be offered by Altice USA, 20,923,330 shares will be offered by funds advised by BC Partners ("BC Partners") and 13,559,429 shares will be offered by entities affiliated with the Canada Pension Plan Investment Board ("CPPIB").  BC Partners and CPPIB expect to grant the underwriters a 30-day option to purchase up to 5,172,414 additional Class A common shares.

Altice USA has applied to list its Class A common stock on the New York Stock Exchange under the symbol "ATUS."

J.P. Morgan, Morgan Stanley, Citigroup and Goldman Sachs & Co. LLC are acting as joint book-running managers for the proposed offering and representatives of the underwriters, together with BofA Merrill Lynch, Barclays, BNP Paribas, Credit Agricole CIB, Deutsche Bank Securities and RBC Capital Markets as additional joint bookrunning managers.

A registration statement relating to these securities has been filed with the SEC but has not yet become effective. The securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. The offering will be made only by means of a prospectus. Copies of the preliminary prospectus relating to the securities being offered may be obtained, when available, from J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, toll-free: (866) 803-9204, email: prospectus-eq_fi@jpmchase.com; Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014; Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, via telephone at 1-800-831-9146; or Goldman, Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, NY 10282, or by telephone at (866) 471-2526, facsimile at (212) 902- 9316, or email at prospectus-ny@ny.email.gs.com. Additionally, when available, copies of these documents may be obtained for free by visiting EDGAR on the SEC's website at www.sec.gov.
                                                 
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any security, nor shall there be any sale of these shares in any state in which such offer, solicitation or sale would be unlawful, prior to registration or qualification under the securities laws of any state. This press release contains certain forward-looking statements, including statements with regard to Altice USA's proposed initial public offering and selling stockholders in the offering. Words such as "expects" or "will" or similar expressions are intended to identify forward-looking statements. These forward-looking statements are subject to the inherent uncertainties in predicting future results and conditions and no assurance can be given that the proposed initial public offering discussed above will occur or be completed on the terms described or that any stockholders will want to sell shares in the offering. Completion of the proposed initial public offering and the terms thereof are subject to numerous factors, many of which are beyond Altice USA's control, including, without limitation, market conditions, failure of customary closing conditions and the risk factors and other matters set forth in Altice USA's filings with the SEC. Altice USA undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law.

Chief Investor Relations Officer Altice NV
Nick Brown: +41 79 720 15 03 / nick.brown@altice.net  

Chief Communications Officer Altice NV
Arthur Dreyfuss: +41 79 946 49 31 / arthur.dreyfuss@altice.net

Regulated Information

This press release contains inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation.

Attachments:

http://www.globenewswire.com/NewsRoom/AttachmentNg/f20ddd77-81be-40a2-968b-d26c2002c156


Attachments

Altice USA IPO.pdf