Creditors of Altice International, a subsidiary of the telecom empire owned by billionaire Patrick Drahi, have appointed Houlihan Lokey as their financial adviser to assist with ongoing debt negotiations. The move signals efforts by creditors to address financial challenges faced by the company amid broader difficulties within Drahi’s telecommunications holdings.
Altice International has experienced financial strain, prompting discussions with creditors about restructuring its debt. Houlihan Lokey, a well-known advisory firm specializing in restructuring and financial advisory services, has been engaged to help facilitate these negotiations. The development underscores the pressure on Drahi’s telecom empire, which has been navigating increased debt burdens and market uncertainties.
The specifics of the debt talks, including potential restructuring plans or outcomes, have not been publicly disclosed. However, the appointment of Houlihan Lokey highlights creditor efforts to find solutions to support or stabilize the company’s financial position. Altice International’s situation is part of broader challenges faced by telecom companies globally, reflecting the volatile nature of the industry and the impact of economic factors.
As discussions continue, stakeholders and observers will be watching closely to see how Altice International’s debt negotiations unfold and what implications they may have for the company and its parent group. The company has not issued detailed comments on the matter at this stage.