Altice France, under billionaire Patrick Drahi, faces challenges as its bonds plunge due to aggressive leverage targets, leading to a clash with creditors. The company's holding company bonds drop significantly, prompting debt talks with creditors and concerns over debt impairment.
Bonds from mobile operator WOM Chile collapsed as Moody’s Ratings cut the company’s credit score deeper into junk as it struggles to convince investors it can manage a $348 million bond payment due in November. https://t.co/ni8nZeyH0J
Altice France on collision course with creditors https://t.co/FOIksFuXsS
Altice France 2027 senior notes drop 20 points over concerns on debt impairment, use of asset sale proceeds after UltraEdge, Altice Media designation as unrestricted subsidiaries: https://t.co/5mkJCWbzl3 #distresseddebt
Altice France creditors including Attestor Capital and Arini have started working with advisers, ahead of debt talks with the company https://t.co/eYDpyJJfjp
Altice getting ready to have a full blown fight with their creditors and telling them to pound sand and take haircuts on a public call? We’re so back. https://t.co/SEaxdDDJIW
Executives at billionaire Patrick Drahi’s Altice set more aggressive leverage targets and said creditors will be on the hook to help meet them, triggering a plunge in its bonds https://t.co/rs7AcKrOC4
Altice France's holding company bonds plunge 20 points to less than 50cts after it turns hardball with creditors: management indicates it'll use asset sale proceeds for discounted debt buybacks #ouch https://t.co/iNzKFCndph
Platinum Equity’s Aventiv Technologies reached a tentative deal with lenders that calls for the prison phone company to sell itself sometime in the next year https://t.co/qiaNah3LV2