Key Highlights
- and TPG Angelo Gordon in July — at par value, according to people familiar with the matter.
- The debt’s call protection period starts in the coming days, meaning Altice would have to pay a premium above par to refinance.
- Representatives for JPMorgan, TPG and Goldman Sachs declined to comment.
- A representative for Altice didn’t immediately respond to a request for comment.
- Any efforts to preserve Altice’s cash are likely to appease creditors to the embattled telecommunications firm, which has struggled under a heavy debt load and has brought on advisers to evaluate its options.
