You can google it...
5 replies (most recent on top)
I do not believe Altice Europe or USA will wind up in bankruptcy. As we are seeing with the holdings in Europe where creditors are trading debt for a stake in the company I feel at some point we will see the same thing happen with AUSA. While this does not solve the financial woes it does buy PD some time. What happens once that exercise has ran its course remains to be seen. Because like PD and the rest of Altice leadership, bankers and investors don’t know the first thing about running a CATV/Broadband company so it is possible at that point the company could be broken up and sold off a piece here and there in order for the lenders and creditors to avoid a total loss on their investment. With PD and Altice you never know.
Altice USA has not filed for Chapter 11 despite the fact that it has been mentioned as an option. Its debt restructuring, ceding equity to many creditors, hasn’t not resulted in any Chapter 11 filing in US bankruptcy court. Details linked…
https://www.whitecase.com/news/press-release/white-case-advises-altice-group-debt-restructuring
"To implement the deal, Altice France will use French court proceedings plus a Luxembourg reorganization or a US Chapter 11 filing for the holding company that issued the unsecured debt."
Not bankruptcy. PD smooth talked his debt holders into swapping debt for equity. I’m no financial wizard but I’m not sure how smart that is on their part given that everything Altice has lost tremendous value over the last decade.
No, it’s not. They’re about to sign an agreement with their creditors to swap debt for equity in the business. That’s very different from bankruptcy.
https://www.reuters.com/business/media-telecom/altice-france-close-debt-for-equity-deal-with-creditors-sources-say-2025-02-25/