Altice France reaches long-awaited restructuring plan
- Nathan Mitchell
Altice France today (26 February) announced its long awaited restructuring.
The French telco has agreed with a group of its secured creditors and certain unsecured holders to reduce its debt stack by ~€8.6bn and decrease leverage to 4.6x. Maturities will be extended to 2028-2033 with a 7.125% euro weighted average cost of secured debt.
Clients can read here details on the proposal 9fin had previously revealed.