Altice USA Creditor Group Taps PJT Partners for Debt Advice (1)

A group of Altice USA creditors has tapped PJT Partners for advice amid growing concerns that the troubled company will seek to restructure its debt load, according to people with knowledge of the situation.

The assignment complements the earlier retention of law firm Akin Gump Strauss Hauer & Feld, said the people, who asked not to be identified discussing a private matter. The consortium holds a majority of the company’s debt, they said.

Altice USA has a debt pile totaling some $25 billion on a consolidated basis, company filings show.

Representatives with PJT and Altice USA declined to comment, ...