Altice Offers Creditors Up to 15% Stake in Return for Haircut

Altice Offers Creditors Up to 15% Stake in Return for Haircut




Altice France is floating a proposal to give secured creditors a stake in the company to get them to agree to a haircut on their holdings, as the embattled telecommunications giant seeks to whittle away at its €24.4 billion ($26.7 billion) of debt.



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By stp2y

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