Consequently,
Altice france: agreement restructuring approved new: For example,
Altice france: agreement restructuring approved:
Among the “guarantors” of Altice France. Furthermore, the court therefore designated the eight subsidiaries initially mentioned by the debt reduction agreement.
The relieved direction – Altice france: agreement restructuring approved
The decision is of major importance for the group of billionaire Patrick Drahi. Nevertheless, who had associated the future of the company on the condition of seeing its debt reduced. Meanwhile, “The equation was simple: the success of the negotiation. Meanwhile, the end of the story,” said management before the court’s decision.
Setted with a heavy debt of 24.1 billion euros, the group had reached a record restructuring agreement with its creditors: in exchange for a relief of 8.6 billion euros, the latter are in particular granting 45 % of the shares. In addition, According to the scheduled calendar, the transaction should lead between September and October.
But the wind -to -end unions
The unions. for their part. had asked the court to refuse altice france: agreement restructuring approved the total adoption of the accelerated safeguard plan and requested that certain subsidiaries be excluded from the agreement.
“These subsidiaries are not in debt. have never subscribed to credit with the creditors with whom this agreement has been made. but it is still we who are guaranteeing the reimbursement of these debts and who will make the costs of the reimbursement,” said Olivier Lelong, CFDT central union delegate.
In this complex operation. the employees also denounced a “dismantling project”. with the fear of seeing the subsidiaries finally sold and the jobs threatened, according to the elected officials of the CSE. By the voice of his CEO. Arthur Dreyfuss. Altice France nevertheless assured that no sales process is in progress and that “no altice france: agreement restructuring approved new offer, not even indicative and without value, has been received on date”.
With the validation of the plan by the court. Altice altice france: agreement restructuring approved must still await the exhaustion of appeal deadlines. in the event of any calls for the decision, to be fixed on his fate.
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