https://www.lightreading.com/cable-technology/altice-usa-secures-1b-loan-backed-by-hfc-assets
17 replies (most recent on top)
I took a loan out on my couch
they couldnt get any other type of loan and they are happy about being first of its kind type of loan.. what a joke this company is taking all the money they can creatively and will file chapter .
T-Mobile or Cable One
I'm noticing more than usual, that numbers are being manipulated at a heavier volume. For sale sign is up boys and girls. Get ready its coming
You can be certain PD has his money well shielded from the financial fallout that is coming and it is coming. At this point I don’t believe PD will be able to sell any of the cable systems in the old Suddenlink footprint for any kind of a profit. Those markets were forgotten about and neglected before the ink was dry on the acquisition. The Suddenlink deal was merely an exercise to position PD in the U.S. to be able to go after Cablevision which he did shortly after the SL deal was completed. The sale of the SL markets was attempted a few years ago but the offers were substantially lower than PD was willing to accept and now his only hope of salvaging anything at this point lies with the Cablevision markets from an MSO perspective. They are basically circling the wagons if you will. I believe the SL markets will be sold off piecemeal to whomever and for whatever they can get out of them or in some cases just turning them off and letting the pole owners cut the plant off the poles.
Since they filed have they (mgmt) been nitpicking more than usual or is it just me
The only thing worse than PD is PE.
The answer to the debt problem is....more debt? Something fishy is going on. PD may be setting up a deal. Sell parts of the company to PE firms, keep the NY Metro legacy Optimum and run it private, spin out Lightpath. That's my guess. One thing is for certain....he will do it all without any of his own money...
Just like every outage is a "power outage" It will all catch up. They been doing smoke and mirrors for far to long.
Ponzi ponzi ponzi
@k5 if in fact the company is actually coercing anyone to falsify records it must be reported to the SEC as soon as possible. This is highly illegal, particularly for a public company.
This is a REALLY good discussion guys. Keep it up!!
They have the employees making fake time sheet exceptions for capital expenses. We going to start upgrading to rg11 jumpers on wifis again? They will pay all the phony subsidiaries and executives and bounce.
Ha!!! Whoever it was that lent that money can kiss it goodbye they will never see it again. An earlier comment said this money will be funneled to Sr Execs before filling for bankruptcy and I wholeheartedly believe that will be the case. Bankruptcy is in the very near future and those at the top of the heap will all be getting seven figure bonuses on their way out over the next couple of years. If you believe that loan is for operating capital then you are a fool.
I can’t believe any financial institution was stupid enough to lend these sl--e ba--s a billion$. This is the money that will be used to funnel to executive leadership before filing bankruptcy. These lenders deserve what they get for being that stupid.
they are bleeding it dry and will file. just watch like all the bs over the years of how they have plans to be best. just blowing smoke to drain money... who could have seen this happen.... we had good intentions......
grab whatever money they give you and hope you can get something else
4% down 96 to go