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Altice International faces bondholder claims of a possible debt default
Lenders holding about $9 billion in Altice debt allege collateral was stripped via intercompany deals.
Patrick Drahi’s telecom empire faces claims from bondholders that Altice International has missed key obligations tied to a possible debt default, according to the WSJ Markets.
The dispute centers on allegations that lenders holding about $9 billion in bonds were left exposed after, they say, collateral was stripped away through intercompany deals within the company’s network.
WSJ Markets reported that the accusations involve changes made through related-party transactions, with lenders arguing those steps reduced the collateral supporting their debt.
The report did not provide additional resolution details, but it frames the issue as a fresh flashpoint in how Altice’s capital structure is being assessed by creditors.