03-03-2025
Altice France's Unhappy Creditors Tap Advisers to Improve Terms
A group of secured creditors of Altice France SA, unhappy with the deal arranged between the company and a majority of its creditors to cut about €8.6 billion ($9 billion) of debt, have tapped advisers to find ways to improve their terms, according to people familiar with the matter.
These creditors — which hold debt maturing in 2028 and 2029 — are working with law firm Ashurst LLP and boutique French advisory firm Ceres Partners. They weren't part of the steering committee that led the negotiations, but had signed a cooperation agreement preventing them from negotiating a separate deal with the company, said the people who asked not to be identified discussing private information.
