Altice International - comment

Although no formal restructuring discussions have commenced with the Company, the senior creditors remain well-organised, having extended their cooperative agreement for an additional six months. Approximately 90% of all senior creditors are believed to be participating in the Gibson Dunn-led coordination group. In parallel, the ad hoc group is conducting a beauty parade to appoint financial advisors who will work alongside Gibson Dunn in preparation for a potential restructuring process.