Law Firms Navigate Complex €24.1 Billion Debt Restructuring for Altice Amid Creditor Opposition

Several major law firms are involved in advising on a €24.1 billion ($26 billion) debt restructuring for the French telecom group Altice, owned by entrepreneur Patrick Drahi. This restructuring is pivotal for Altice as it seeks to reduce its debt by around €8.6 billion, thereby lowering interest costs and improving its financial standing. Prominent firms such as White & Case, Mayer Brown, Gibson Dunn, and Ropes & Gray are leading the advisory efforts. Other firms including Willkie, Milbank, Benelux-based Arendt & Medernach and Loyens & Loeff, and French firm De Pardieu Brocas Maffei are also participating. In contrast, Ashurst is advising a separate group of creditors who oppose the agreement. The transaction is expected to be finalized in the fourth quarter. For more details, visit the original article.