Altice USA Inc., through its indirect wholly owned subsidiary Cablevision Funding LLC, has entered into a significant financing agreement on July 16, 2025. The Receivables Facility Loan and Security Agreement involves several parties, including Goldman Sachs Bank USA and funds managed by TPG Angelo Gordon as initial lenders, and Citibank, N.A. as collateral agent and account bank. The agreement secures obligations with assets from Altice USA's Bronx and Brooklyn service areas. It includes an initial term loan commitment of $1 billion at an interest rate of 8.875%, maturing on January 16, 2031. The funds are earmarked for working capital, debt prepayment, and other corporate purposes.
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