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The US junk-debt market is showing signs of concern due to the impact of higher Federal Reserve rates on financial stability. Altice France is considering options to reduce debt, potentially involving creditors taking a haircut or facing consequences. Altice France's debt restructuring efforts could lead to implications for creditors and shareholders, with at least $2 billion of debt changing hands amid intense trading.
Altice’s debt woes threaten to wreak havoc for a crucial cog of the leveraged finance market https://t.co/P9gFgxdVeh
Altice France could use the new Accelerated Safeguard Process in France to implement its proposed deleveraging, impairing creditors claims.However the absolute priority rule in the French Regime means Altice's shareholder, Drahi, may risk giving up equity. https://t.co/iAzRo4pJ3v
A dramatic week for Altice France sparked intense trading in its bonds, with at least $2 billion of debt linked to the firm changing hands https://t.co/pR9xuUYuLP