- As part of Altice's (OTCPK:ATCEY) deal to acquire Cablevision (NYSE:CVC), P-E firm BC Partners and the Canada Pension Plan Investment Board are in discussions to acquire more than $1B in Cablevision shares, a move that could help Altice with the finances of the deal.
- The two have an option to buy as much as 30% of Cablevision's equity.
- Concerns over the debt necessary to complete the takeover have hounded the bonds of Altice and Cablevision since the deal was announced. Altice planned a $6.3B debt offering and raised $1.8B in a new share offering this week, while Cablevision marketed a $2.3B acquisition loan.
- Previously: Report: Altice scaling back on bond offering for Cablevision buy (Sep. 25 2015)
- Previously: Cablevision bonds keep sliding; Altice planning $6.3B debt offering (Sep. 22 2015)
- Previously: Bloomberg: Cablevision marketing $2.3B acquisition loan (Sep. 21 2015)