Altice International has refinanced over €500m ($586m) of debt at its holding company level with backing from Elliott Investment Management, according to a report by Bloomberg citing unnamed sources familiar with the matter.
The move was part of a broader strategy by Patrick Drahi’s telecommunications group to manage its complex liability structure.
The new funds were used to repay a prior loan with a relationship bank, which in turn allowed Altice to reposition some assets out of creditors’ rea...
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