Altice France’s Unhappy Creditors Agree to Sign Up to Debt Deal

Secured creditors to Altice France initially opposed to the company’s restructuring deal has now agreed to sign up to it, according to people familiar with the matter, who spoke on the condition of anonymity.

• The creditors — who hold debt due in 2028 and 2029 — had tapped advisers Ashurst LLP and Ceres Partners to find a way to improve their terms
• In a deal announced last week, Altice France’s secured creditors would get a 31% stake in the firm, a cash payment of about €1.5 billion, new debt with tighter contractual rules and a fee in exchange for writing ...