AMERICAS DISTRESS DAILY: Altice USA Switches Advisers

Altice USA is looking to revive talks with creditors to reduce its $26 billion debt pile, and has switched advisers.

• It is now working with law firm Kirkland & Ellis and investment bank Evercore.
• Bonds of Altice USA’s subsidiaries dropped across the board on Tuesday.

In Other News:

• EchoStar’s $17 billion sale of wireless spectrum to SpaceX and a $23 billion deal with AT&T are providing a windfall for investors, vindicating creditors who had seen their holdings buffeted amid battles with billionaire Charlie Ergen.
• A bankruptcy law provision for foreign insolvencies offers a potential solution for some US cannabis companies ...