Altice International has formally requested that its creditors provide signed copies of their cooperation agreements as part of ongoing debt restructuring discussions. The move underscores heightened coordination among financial stakeholders amid continued pressure on the company’s capital structure.
- Altice International requested cooperation agreement copies from creditors in November 2025
- Outstanding debt under discussion exceeds $12 billion across multiple tranches
- Recent asset sales, including Portuguese operations, generated €430 million
- Senior unsecured notes traded at 52 cents on the dollar in early December 2025
- Restructuring may involve debt-for-equity swaps or maturity extensions
- Patrick Drahi remains central to corporate decision-making
Altice International has initiated a formal outreach to its creditor group, asking each party to submit executed copies of their cooperation agreements. The request, issued in late November 2025, aims to consolidate alignment among lenders ahead of potential restructuring proposals. The company has not disclosed the total number of creditors involved but confirmed that the process includes a mix of bondholders and bank syndicates holding over $12 billion in outstanding debt across multiple tranches. The demand for documentation reflects a broader effort to streamline decision-making in the company’s restructuring framework. While Altice has not announced a formal insolvency filing, the request suggests that the company is preparing for a potential debt workout, likely involving debt-for-equity swaps or extended maturities. The timing coincides with a series of asset sales, including the divestiture of its Portuguese telecom operations, which netted approximately €430 million in proceeds earlier in the year. Market observers note that the move may signal a shift from negotiation to execution phase. Credit markets reacted cautiously, with Altice’s senior unsecured notes trading at 52 cents on the dollar as of early December 2025. The company’s parent entity, Altice Europe, continues to operate under a governance structure tied to French-Israeli billionaire Patrick Drahi, who remains a central figure in strategic decisions. The restructuring process could impact a wide range of stakeholders, including institutional investors, regional telecom partners, and employees in markets where Altice operates, particularly in Portugal, the Netherlands, and parts of Sub-Saharan Africa.