ALTICE USA, INC. Item 8.01 Other Events OnAugust 3, 2020 ,CSC Holdings LLC , aDelaware limited liability company (the "Issuer"), an indirect wholly-owned subsidiary ofAltice USA, Inc. , successfully priced an offering (the "Offering") of (i)$1,000.0 million in aggregate principal amount of senior guaranteed notes due 2031 (the "Senior Guaranteed Notes") and (ii)$1,700.0 million in aggregate principal amount of its 4.625% senior notes due 2030 (the "Additional Senior Notes" and together with the Senior Guaranteed Notes, the "Notes"). The Senior Guaranteed Notes will bear interest at a rate of 3.375% and will pay interest semi-annually in arrears onFebruary 15 andAugust 15 of each year, beginning onFebruary 15, 2021 . The Senior Guaranteed Notes will mature onFebruary 15, 2031 . The Issuer and each of its subsidiaries that will guarantee the Senior Guaranteed Notes entered into a purchase agreement onAugust 3, 2020 with the representative of the initial purchasers named therein, related to the issuance and sale of the Senior Guaranteed Notes. The proceeds from this Offering, together with cash on balance sheet, are expected to be used to refinance in full the Issuer's$1,000.0 million aggregate outstanding principal amount of 6.625% senior guaranteed notes due 2025, together with redemption premium, and to pay the fees, costs and expenses associated with the offering of the Senior Guaranteed Notes and the refinancing. The Additional Senior Notes will be issued as additional notes pursuant to an indenture, dated as ofJune 16, 2020 (the "Senior Notes Indenture"), between, among others, the Issuer andDeutsche Bank Trust Company Americas , as Trustee. A copy of the Indenture was filed as Exhibit 4.1 to the Current Report on Form 8-K dated as ofJune 16, 2020 , and is incorporated herein by reference. The Additional Notes will constitute a single series under the Senior Notes Indenture, together with$625.0 million of the Issuer's 4.625% senior notes due 2030 issued onJune 16, 2020 (the "Original Senior Notes"), and will have identical terms as the Original Senior Notes, except that the Additional Senior Notes will be issued at a price of 103.250% of the principal amount plus accrued interest fromJune 16, 2020 untilAugust 17, 2020 . The Additional Senior Notes will bear interest at a rate of 4.625% and will pay interest semi-annually in arrears onDecember 1 andJune 1 of each year, beginning onDecember 1, 2020 . The Additional Senior Notes will mature onDecember 1, 2030 . The Issuer entered into a purchase agreement onAugust 3, 2020 with the representative of the initial purchasers named therein, related to the issuance and sale of the Additional Senior Notes. The proceeds from this Offering, together with cash on balance sheet, are expected to be used to refinance in full the Issuer's$1,684.2 million aggregate outstanding principal amount of 10.875% senior notes due 2025, together with redemption premium, and to pay the fees, costs and expenses associated with the offering of the Additional Senior Notes and the refinancing. The Offering for the Senior Guaranteed Notes and the Additional Senior Notes is expected to close on or aboutAugust 17, 2020 , subject to customary closing conditions. The Notes are being sold in a private placement only to qualified institutional buyers pursuant to Rule 144A and to non-U.S. persons pursuant to Regulation S under theU.S. Securities Act of 1933, as amended, subject to prevailing market and other conditions.
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