Mon 04/08/2024 04:00 AM
French telecommunications and media company Altice France SA’s bonds have suffered a
steep decline since their Q4 2023 earnings call and there has been a flurry of
creditor organization activity. The trigger for these events was the company’s surprising
announcement on the earnings call that it had changed its deleveraging target to below 4x, which would require participation of investors in discounted debt...
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