Altice USA Huddles With Moelis on Options for Managing Debt (1)

Altice USA is evaluating options for its debt load with the help of Moelis & Co., according to people with knowledge of the matter, who asked not to be identified discussing the private arrangement.

The US unit of billionaire Patrick Drahi’s telecommunications company has a debt pile totaling some $25 billion on a consolidated basis, company filings show. It isn’t facing any significant near-term maturities.

Altice USA and Moelis declined to comment.

The telecom company’s shares fell as much as 10.5% on Friday after Bloomberg reported Moelis’ involvement.

The company on Thursday reported a loss per share of ...