Altice, led by billionaire Patrick Drahi, faces debt issues as Moody's Ratings downgrades Altice France's credit rating due to an unsustainable capital structure and increased default risk. The company seeks creditor agreement to cut nearly $27 billion debt.
Billionaire Patrick Drahi’s Altice is asking creditors to agree to losses as the company’s embattled French telecommunications firm pushes to slash a debt burden of almost $27 billion. Here's a look at how he could do it https://t.co/U51oetok75
Billionaire Patrick Drahi’s Altice is asking creditors to agree to losses as the company’s embattled French telecommunications firm pushes to slash a debt burden of almost $27 billion. Here's a look at how he could do it https://t.co/b97j8N3EOn
Billionaire Patrick Drahi’s Altice is asking creditors to agree to losses as the company’s embattled French telecommunications firm pushes to slash a debt burden of almost $27 billion. Here's a look at how he could do it https://t.co/Jfvh5zmc1F
Moody’s Ratings cut Altice France’s credit rating to one of its lowest ratings tiers, citing the company’s unsustainable capital structure and increased risk of default. https://t.co/Ay2IcFSU11
Altice’s debt woes threaten to wreak havoc for a crucial cog of the leveraged finance market https://t.co/P9gFgxdVeh