Numericable-SFR prices new loan

Numericable-SFR has successfully priced a new US$1.34 billion (€1.12 billion) term loan and a separate €500 million term loan with a maturity date of January 2023, which the company said would be used to finance its previously announced dividend to shareholders.

Those shareholders include Altice, the company’s principal owner, which plans to use its share of the dividend to repay a loan related to the May purchase of an additional 10% stake in Numericable-SFR from Vivendi.