Altice International Asks Creditors for Copy of Cooperation Pact

Altice International has asked a group of secured creditors to send a copy of the cooperation agreement that binds them to act together in negotiations with the company before starting any potential discussions to restructure its balance sheet, according to a letter seen by Bloomberg.

Because these creditor pacts prevent lenders from negotiating with the company directly, Altice International asked to have a copy to understand “the nature of any future engagement” between the company and the creditors in the group. It also asked for the identities of each member of the secured creditors group, whether there is a steering ...