Patrick Drahi just wrapped up a restructuring deal for Altice France that slashed almost €9 billion of debt while allowing the billionaire to keep his majority stake in the business. Now, creditors in the other two parts of his telecommunications and media empire are bracing for their own debt showdown.
In September, creditors to Altice International — the unit which houses operations in Portugal, Israel and the Dominican Republic — hired Houlihan Lokey as financial adviser for debt talks. That came shortly after Altice USA shuffled advisers, appointing Evercore and Kirkland & Ellis, as it looks to revive creditor ...
