INFO LE FIGARO – Negotiations have not yet resulted in an agreement on the fate of the 24 billion in debt that the billionaire wants to renegotiate. Patrick Drahi is prepared to use part of the proceeds from the disposals carried out over the past year in exchange for a reduction in his debt.
The beginning of a way out of the crisis for Patrick Drahi? The owner and boss of Altice France has been playing a risky financial game with his creditors since March.to renegotiate the 24 billion euros of debt weighing on SFR’s parent company. Negotiations have accelerated in recent days, although no agreement has yet been reached. Following a round of negotiations over the past two weeks, during which the parties agreed not to buy and sell debt on the markets, the positions of the parties have moved closer together, according to our information.
“ Altice started from point A, the creditors from point Z. Today, they are probably at points F and M respectively. “summarizes a source close to the matter. In its latest proposal, obtained by Le FigaroPatrick Drahi is offering creditors with guarantees on the group’s assets a payment…
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