Altice France Lenders Are Working on Debt Plan With Houlihan.

Altice France's creditors, including Attestor Capital and Arini, are working with financial and legal advisers, Houlihan Lokey Inc. and Milbank LLP, as they prepare for potential debt negotiations with the company. A group of credit funds holding around €1.5 billion of Altice France's debt have been informally discussing a liability management exercise, but talks have intensified after the company informed investors of potential losses. Altice France, which controls SFR, is looking to sell assets to reduce its debt of nearly €25 billion. The company is also facing a corruption and money laundering probe in Portugal and France. [Extracted from the article]

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