Altice USA Debt Talks With Creditors Halted by Volatility (1)

Discussions between Altice USA Inc. and its creditors to restructure the telecom company’s balance sheet were called off due to market volatility, according to people with knowledge of the matter, who asked not to be identified because the talks are private.

Confidential negotiations between Altice subsidiary CSC Holdings and a group of its creditors to reduce its $25 billion debt pile ended without an agreement, Altice USA said in a filing late Friday. No discussions between the company and creditors are ongoing at this time, according to the filing.

The talks were in the advanced stages, the people familiar said, ...