05:40 PM EDT, 07/17/2025 (MT Newswires) -- Altice USA ( ATUS ) said Thursday it entered into and funded a $1 billion asset-backed term loan facility, through an unrestricted unit.

The facility is secured by receivables and network assets, including Hybrid-Fiber Coaxial infrastructure, from Altice's Bronx and Brooklyn service areas.

The loan matures in January 2031 and carries a fixed coupon of 8.875%, the company said.

Shares of Altice were up nearly 1% in after-hours trading.