Altice USA Holds Talks With Creditors to Trim Debt Stack

Altice USA Inc. has held confidential talks with some of its creditors about a potential deal that would lower the telecom-infrastructure company’s roughly $25 billion debt pile, according to people familiar with the matter.

The negotiations revolve around a debt exchange at discounted prices where certain creditors would take a loss, said the people, who asked not to identified discussing a private matter.

Negotiations are ongoing and a deal may not be reached, they said.

A group of creditors is working with PJT Partners and Akin Gump Strauss Hauer & Feld, while the company engaged Moelis and Co. for ...