Topic: Initial Public Offering (IPO)
Altice USA’s IPO topped out at an impressive $2.2 billion after two investors last week raised an additional $233 million by offering up more stock.
WideOpenWest took a $2.28 billion term B loan, which it said will be combined with revolving credit and cash on hand to refinance existing loan debt.
Altice USA unveiled the key terms of its initial public offering today, with U.S. cable arm expecting to raise as much as $1.35 billion.
CEO Steven Cochran told FierceCable that WOW! raised enough in its IPO to get out of debt and get back into network-investment mode.
WideOpenWest fell short of its goal to raise $400.05 million with an initial public offering, taking in only $309.4 million.
As expected, No. 60-sized U.S. cable operator WOW! has filed with the Securities and Exchange Commission to become a publicly traded company.
After successfully deploying "The Box" in France, Altice USA plans to roll out the combination DVR, modem and Wi-Fi router to the U.S. later this year.
Planting a flag in the U.S. media business for his European company, Altice USA CEO Dexter Goei will deliver a keynote during NAB on April 25.
Altice USA is looking to raise cash for further expansion and has executed on a plan to conduct an initial public offering.