Cloud 9fin
Control, Altice, Delete
Apr 4, 2024
In this podcast, they discuss Altice France's massive capacity to designate subsidiaries as unrestricted, unique debt reduction strategies, complexities in insolvency scenarios, and potential pitfalls for management and investors. They also explore interplay within Altis entities, strategic management tactics, restructuring dynamics in French insolvency processes, and non-consensual financial processes for negotiation facilitation.
34:58
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Quick takeaways
- Altise management strategically leveraged unrestricted subsidiaries to deleverage, presenting challenges for creditors.
- The flexibility of Altise entities' builder baskets influences creditor negotiations and market reactions.
Deep dives
Altisse Management's Debt Market Shock
Altisse management surprised the debt market by forcing creditors to choose between taking a haircut on debt or risk losing proceeds from asset sales by Altisse France designated as unrestricted subsidiaries. This aggressive move by management aims to achieve deleveraging targets and shows a strategic approach to handling the debt situation.
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