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Cloud 9fin

Control, Altice, Delete

Apr 4, 2024
34:58
Snipd AI
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.
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Podcast summary created with Snipd AI

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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