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Creditors Vie for Better Altice Deal Terms
26 Aug
Summary
- Select Altice International creditors seek superior restructuring terms.
- Arini, Silver Point, and King Street lead the creditor group.
- Elliott Investment Management is in talks to join the creditor faction.
A faction of Altice International creditors is actively seeking preferential treatment in the company's ongoing restructuring efforts. Key financial firms such as Arini Capital Management, Silver Point Capital, and King Street Capital Management are reportedly part of this subset. They are advocating for terms that would place them in a more advantageous position compared to other lenders involved in the potential deal.
Further complicating the landscape, Elliott Investment Management is said to be in discussions to align with this specific group of creditors. This move, if successful, would consolidate the influence of these major players, potentially strengthening their collective bargaining power as Altice navigates its financial restructuring.
