Altice USA exploring ways to reduce $25 billion debt load with Moelis

From Barchart: 2024-05-03 13:27:02

Altice USA is working with Moelis & Co to explore options for its $25 billion debt load. Despite no immediate maturities, the news caused shares to drop to $1.84 before recovering to $2.04. Deutsche Bank believes a highly leveraged balance sheet doesn’t align with Altice’s long-term goals and could benefit equity holders. Eliminating $1 billion in debt could create $2.13 in equity value.



Read more at Barchart: Altice USA evaluating options for debt load with help of Moelis