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Business Wire
5 days ago
- Business
- Business Wire
Altice USA Announces Landmark $1.0 Billion Asset Backed Loan Facility Secured Primarily by Hybrid-Fiber Coaxial (HFC) Network Assets
NEW YORK--(BUSINESS WIRE)--Altice USA (NYSE: ATUS) today announces that it has entered into and funded an inaugural $1.0 billion asset-backed term loan facility ('Asset Backed Loan Facility'), through an unrestricted subsidiary, in partnership with Goldman Sachs and TPG Angelo Gordon. The Asset Backed Loan Facility is secured by certain receivables generated by the Company's Bronx and Brooklyn service area and network assets, primarily the Hybrid-Fiber Coaxial (HFC) network (collectively, the 'Securitization Assets'). 'This first-of-its-kind transaction marks a milestone in infrastructure-backed financing by securitizing parts of the Company's HFC network,' said Dennis Mathew, Altice USA Chairman and Chief Executive Officer. 'We are excited to partner with Goldman Sachs and TPG Angelo Gordon on this inaugural transaction and look forward to continuing to execute on our strategy to drive long-term growth and enhance value for our investors, customers, communities, and employees.' Altice USA, through its Optimum brand, is a leading incumbent operator in Bronx and Brooklyn where its operations span approximately 1.55 million locations passed and approximately 695 thousand subscribers. Across its entire footprint, Optimum passes nearly 10 million locations and serves more than 4 million subscribers. The Asset Backed Loan Facility matures in January 2031, has a fixed coupon of 8.875%, with original issue discount, amortization and other features customary of asset-backed financings. The Company may incur additional indebtedness, secured by the Securitization Assets, provided certain conditions are satisfied. Further details are included in Altice USA's associated 8-K filing, available on the Altice USA Investor Relations website and the SEC's website at Ropes & Gray acted as legal counsel to Altice USA and the Borrower. King & Spalding and Milbank acted as legal counsel to Goldman Sachs Bank USA. Latham & Watkins acted as legal counsel to TPG Angelo Gordon. FORWARD-LOOKING STATEMENTS Certain statements in this press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, all statements other than statements of historical facts contained in this release, such as those regarding our intentions, beliefs or current expectations concerning, among other things: our future financial conditions and performance, our strategy to drive long-term growth, our business plans, market conditions, our ability to incur additional indebtedness, and potential strategic opportunities. These forward-looking statements can be identified by the use of forward-looking terminology, including without limitation the terms 'may', or other variations or comparable terminology. There can be no assurance that any forward-looking statement will result or be achieved or accomplished. To the extent that statements in this release are not recitations of historical fact, such statements constitute forward-looking statements, which, by definition, involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements including risks referred to in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the fiscal year ended December 31, 2024 and subsequent Quarterly Reports on Form 10-Q. You are cautioned to not place undue reliance on Altice USA's forward-looking statements. Any forward-looking statement speaks only as of the date on which it was made. Altice USA specifically disclaims any obligation to publicly update or revise any forward-looking statement, as of any future date. About Altice USA Altice USA (NYSE: ATUS) is one of the largest broadband communications and video services providers in the United States, delivering broadband, video, mobile, proprietary content and advertising services to approximately 4.5 million residential and business customers across 21 states through its Optimum brand. We operate Optimum Media, an advanced advertising and data business, which provides audience-based, multiscreen advertising solutions to local, regional and national businesses and advertising clients. We also operate News 12, which is focused on delivering best-in-class hyperlocal news content.
The Hindu
12-07-2025
- Entertainment
- The Hindu
HFC to screen Hyderabad Film Club to screen ‘Anveshana' on July 13
Hyderabad Film Club (HFC) will be screening Telugu feature film 'Anveshana', followed by an interaction with director-cinematographer M.V. Raghu, at Sri Sarathi Studios, Ameerpet, at 5 p.m. on Sunday (July 13), according to a press release by secretary Krishna Kambalapally.
Daily Record
07-07-2025
- Daily Record
Hibs ultra group target new public toilets with graffiti as locals hit out
The space was daubed with huge HFC lettering, with a Block Seven tag written at the side. New public toilets in the Meadows public park in Edinburgh have been vandalised by Hibs ultra group Block Seven before having a chance to be opened to the public. The building, off Middle Meadow Walk, has had its rear wall covered in graffiti by thugs in recent weeks. An image show HFC is large capital letters, spray painted silver with a green background. 'Block 7 vandals' and 'St Patricks 11' are tagged at either side. Originally set to open before the summer season, the toilets are now set to open later this month due to the vandalism. Alistair, a pensioner who lives nearby, said: 'My wife's already written to the council, because it says on the council website it'll be ready for the [summer]. 'It's now early July. It goes on and on now. And they missed the Meadows Festival, they took these [temporary] toilets away during the festival. 'I think it's just insane that it's taken so long. We live nearby, and of course, we get people coming and urinating where they shouldn't.' Culture and Communities Convener Cllr Margaret Graham said: 'I'm extremely disappointed to see that our brand-new facilities have been defaced by graffiti. "There is of course a real spectrum of 'graffiti', from formal murals like Colinton Tunnel which have the consent and support of the community, through to offensive tags. "The majority of the complaints we receive are about the latter. We're arranging for it to be removed.' The council has previously installed temporary toilets in the Meadows and other public parks in the city during busy periods. It has said in a news release previously that the toilets were set to open before the summer season, and a council website said in November last year that it was set to open in April or May. However, the website now says that the three toilet banks are set to open during 'summer', with a recent news release saying they would be completed during the month of July. The new toilets are part of a £1 million investment across the city to provide more free public restrooms, with four new public toilet banks included in the funding. One of the four, located in South Queensferry, opened at the end of June. The new toilet blocks will feature three regular toilet cubicles, an accessible toilet and a Changing Places toilet, as well as tool storage for local community groups. Each will also feature a green roof, bike racks, benches and a drinking water fountain. Another local resident, Jamie, had sympathy for the council on the delays, saying: 'These days, it doesn't really matter which contractors work. 'No one's available. So I kind of understand. I can't get my stuff at home fixed, it takes bloody months. I imagine the council's in the same situation. 'You can't just find a plumber. Now the fact that Scottish Water had to come in and connect it – I can understand that that takes months, because it's Scottish Water.' However, he said that he was concerned that stones from the construction had ended up in the green space around the construction site. Follow-up works to plumb in the toilets and otherwise prepare the site have been ongoing since.
Edinburgh Reporter
21-06-2025
- Sport
- Edinburgh Reporter
Hibs players start pre-season training
Hibs First Team players returned to the Club's Training Centre for the first day of pre-season training yesterday (Friday 20 June) ahead of the 2025/26 campaign. David Gray's squad reported into East Mains for testing with the Club's strength and conditioning, and medical departments. Tests included important health and fitness monitoring, as well as gruelling sprints sessions outside on HTC's artificial surface. The Club's new Joma training wear was on show for the first time at HTC, detailing the new 'HFC' on the chest. The international stars will be back at East Mains a week later than the rest of the squad, including Kieron Bowie, Martin Boyle, Jack Iredale, Alasana Manneh, Nathan Moriah-Welsh and Jordan Obita. The rest of the players will continue their pre-season training in East Lothian before heading out to the Netherlands for a week's camp, further details on the training camp will be confirmed in due course. Competitive action starts for David Gray's men in late July when we enter the second qualifying round of the UEFA Europa League. Like this: Like Related
Malaysian Reserve
16-06-2025
- Automotive
- Malaysian Reserve
New Energy Asia unveiled to empower EV charging growth in Malaysia, ASEAN
by SHAUQI WAHAB NEW Energy Asia Sdn Bhd, a newly established joint venture (JV) between HICOM Engineering Sdn Bhd (HESB) and China-based Hangzhou Flash Charging New Energy Co Ltd (HFC), enters the Malaysian and ASEAN electric vehicle (EV) market with a wide range of high-quality and reliable EV charging solutions. HESB is a subsidiary of DRB-HICOM Bhd, while HFC operates under Lotus Technology Inc. The collaboration brings together HESB's industrial capabilities and DRB-HICOM's brand heritage with HFC's international experience in EV charging technology. The latter has a proven track record in delivering advanced charging infrastructure in markets such as China, Germany and Kuwait. Present at the official unveiling of New Energy Asia were Deputy Prime Minister (DPM) and Energy Transition and Water Transformation Minister Datuk Seri Fadillah Yusof, HESB chairman and DRB-HICOM Group MD Tan Sri Syed Faisal Albar, Lotus Group CEO Feng Qingfeng, HESB COO Hazrin Fazail Haroon and New Energy Asia CEO Gordon Lee. Syed Faisal stressed that climate change is a present and pressing reality and stated that the initiative goes beyond a symbolic gesture. 'Our Net Zero Carbon Initiative is more than a pledge. It is a concrete plan of action,' he said in his opening remarks. He said DRB-HICOM aims to achieve net-zero carbon emissions by 2050 through a three-pillar strategy, namely operational efficiency, renewable energy (RE) transition and carbon accountability. This involves upgrading facilities for energy efficiency, increasing the use of solar and wind power and publishing independently audited annual carbon reports to ensure transparency and progress. DRB-HICOM also plans to engage stakeholders through employee training, awareness campaigns and green incentives as part of its effort to foster a culture of sustainability both internally and externally. 'Let us walk this path together and let our actions today shape a better tomorrow,' Syed Faisal added. New Energy Asia will distribute HFC's full range of EV chargers in the region, including premium Lotus-branded chargers such as the cutting-edge 450 kilowatt (kW) liquid-cooled all-in-one direct current (DC) charger. This flagship product can charge the Lotus Emeya from 10% to 80% in just 14 minutes. Other offerings include 7kW, 11kW and 22kW smart AC chargers, as well as a wide selection of air-cooled and liquid-cooled DC chargers ranging from 30kW to 450kW. These products can also be customised to meet specific user requirements. During the launch, the company signed several memoranda of collaboration (MOCs) with local partners to further build out Malaysia's EV charger manufacturing ecosystem. These partnerships will support research and design (R&D), industrial integration and the expansion of clean mobility infrastructure. Hazrin Fazail revealed that the group is placing a strong emphasis on software integration and after-sales support to ensure reliability and long-term value for users. Initial technical training for personnel is currently being conducted in Hangzhou, China, with continued collaboration to take place online. He said these efforts are aimed at building internal capabilities ahead of local manufacturing. Meanwhile, manufacturing of EV chargers is planned to take place in Malaysia within the next two years, subject to positive market traction. Hazrin Fazail said this aligns with the company's vision for sustainable and locally driven production, which also includes hiring more software engineers to enhance system reliability and user experience (UX). 'This is an opportunity to have more software engineers come and join us as we build this capability,' he explained. While the company does not plan to operate as a Charge Point Operator (CPO), it intends to work closely with CPOs in Malaysia to ensure compatibility and support. The business model avoids direct competition in the CPO space, instead offering hardware and systems that enable broader EV ecosystem growth. Looking ahead, New Energy Asia aims to penetrate the ASEAN market by offering both Lotus-branded and white-label EV charging products. Beyond charging infrastructure, New Energy Asia will also supply advanced energy storage systems to address the growing demand for sustainable energy solutions in both residential and commercial markets. The company has signalled its intent to become a key enabler of electric mobility in the region by working closely with stakeholders across the EV value chain. This article first appeared in The Malaysian Reserve weekly print edition
