Reported about 1 year ago
Creditors of Altice USA Inc. are close to finalizing a cooperation agreement to prevent disputes, anticipating the company may shift assets. The potential 18-month pact, extendable, could begin this week and involves creditors like Apollo Global Management Inc., Ares Management Corp., BlackRock Inc., and Oaktree Capital Management. Concerns arise from Altice USA's $25 billion debt, prompting lenders to seek advice and possibly sign the pact.
Source: YAHOO