JPMorgan Backs Altice USA’s Refinancing of TPG, Goldman Debt

JPMorgan Chase & Co. is lending Altice USA an additional roughly $1.1 billion to refinance debt before an early repayment penalty kicks in, a move that may sooth creditors still reeling from a bombshell antitrust lawsuit and controversial debt maneuver.

JPMorgan is providing the funds so that Altice can refinance the loan — a $1 billion asset-backedfacility it got from Goldman Sachs Group Inc. and TPG Angelo Gordon in July — at par value, according to people familiar with the matter. The debt’s call protection period starts in the coming days, meaning Altice would have to pay a ...