Creditor Pacts Used to Thwart LMEs Challenged by Altice USA
NegativeFinancial Markets

- Altice USA has raised concerns regarding creditor cooperation agreements, alleging that these pacts are being used to circumvent antitrust laws. This claim follows a trend among restructuring and finance lawyers who have noted the potential legal implications of such agreements over the past two years.
- The accusations come as Altice USA faces significant financial challenges, including a $26 billion distressed debt situation. The company's allegations against creditors like Apollo, Ares, BlackRock, and Oaktree highlight the complexities of its restructuring efforts and the potential impact on negotiations moving forward.
- This situation underscores a broader debate within the financial markets about the legality and ethics of creditor collaborations, particularly in distressed scenarios. The formation of what Altice USA describes as an 'illegal cartel' raises questions about market practices and the balance of power between companies and their creditors.
— via World Pulse Now AI Editorial System







