INFO LE FIGARO – The negotiations have not yet led to an agreement on the fate of the 24 billion debt that the billionaire wants to renegotiate. Patrick Drahi is ready to use part of the proceeds from sales carried out over the past year in exchange for a reduction in his debt.
Is the beginning of an end to the crisis in sight for Patrick Drahi? Since March, the boss and owner of Altice France has entered into a risky financial game with his creditors, in order to renegotiate the more than 24 billion euros of debt weighing on the parent company of SFR. Very slow or even non-existent for months, the negotiations have accelerated a little in recent weeks. An agreement has still not been reached between the two parties, but the positions of each are getting a little closer, according to our information.
“Altice started from point A, the creditors from point Z. Today they are undoubtedly at points F and M respectively”summarizes someone close to the case. In his latest proposal, obtained by Le FigaroPatrick Drahi offers creditors with guarantees on the group's assets an immediate payment of 2.6 billion euros. Having successfully completed the sale of its media division (BFMTV-RMC), part of its data centers (Ultra…
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