GLAS supports successful restructuring of Altice

GLAS is pleased to announce the successful completion of the restructuring of Altice France, one of Europe’s largest telecommunications and media companies, with operations across France, Portugal, Israel, and the United States.

The GLAS Paris team led the transaction, supported by colleagues in London, New York, and New Jersey. GLAS acted as Facility Agent and Security Agent on the loan portion of the deal; GLAS also served as Trustee, Security Agent, Paying Agent, Registrar, and Transfer Agent on both note issuances.

Altice’s recapitalisation strengthens its financial position and supports its long-term strategic objectives across its core markets in Europe and North America. The transaction was achieved through a complex, multi-jurisdictional process, reflecting strong collaboration between stakeholders and advisors.

For more information read the case study here.

About Altice

Altice Group Lux Sàrl is a multinational telecoms and mass media company headquartered in Luxembourg. Founded by Patrick Drahi, the group operates across Europe and North America, delivering pay television, broadband internet, fixed-line and mobile telephony, and original content.

About GLAS

GLAS was established in 2011 as an independent provider of institutional debt administration services. The company was originally created to provide the market a willing participant in complex loan restructuring transactions where many large institutions are reluctant to take swift and cooperative action. It offers a wide range of administration services developed specifically for the debt market.

GLAS is recognised as the premier independent, non-creditor, conflict-free provider of loan agency and bond trustee services, with excess of $700bn of assets under administration on a daily basis. For more information, contact media@glas.agency.