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Altice Creditors Seek Priority in Debt Restructuring
August 27, 2026
-Ritish G
Altice International’s creditor group, which includes Arini Capital Management, Silver Point Capital and King Street Capital Management, are seeking better terms in a potential debt restructuring deal. According to a report, the group wants preferential treatment over other lenders and is prepared to take legal action if needed. Elliott Investment Management may also join the group, which could represent around 60% of Altice International’s secured debt. The creditors allege that Altice breached debt covenants by extending €5bn of inter-company loans and moving assets, including its Portugal and Dominican Republic operations, outside the restricted group. Altice Financing has disputed the default notice, saying the creditors lacked the required authority to issue it. The dispute adds to growing pressure on Altice as creditors push for greater protection in debt restructuring.
Altice’s 6.875% 2032s traded stable at 97.78 yielding 7.35%.
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