TBNPortugal
Former Altice USA prepares ‘failure’ to restructure 26 billion debt
Publication: ECO
Author: ECO IA
Source published: 23/10/2026, 14:36:10 UTC
Briefing created: 23/10/2026, 19:10:11 UTC
Based on a feed excerpt; full article content has not been acquired. Source evidence retrieved 23/10/2026, 14:41:24 UTC.
Briefings
Optimum Communications, formerly Altice USA, is preparing a Chapter 11 bankruptcy filing to restructure a $26 billion debt, with approximately $6 billion due in 2027. Negotiations with creditors, including Apollo Global Management and JPMorgan Chase, aim to avoid debt-for-equity swaps that could trigger $4 billion in taxes. The process began after the company lost broadband customers in 2024 amid intense competition, leading to a judicial conflict with creditors who previously cooperated in 2024. The deadline for the Chapter 11 application is before the end of 2026, though the exact timeline remains uncertain.
Key points
- Optimum Communications is preparing a Chapter 11 bankruptcy filing to restructure a $26 billion debt, with approximately $6 billion due in 2027.
- Negotiations with creditors, including Apollo Global Management and JPMorgan Chase, aim to avoid debt-for-equity swaps that could trigger $4 billion in taxes.
Context
Optimum Communications, formerly Altice USA, is preparing a Chapter 11 bankruptcy filing to restructure a $26 billion debt, with approximately $6 billion due in 2027. Negotiations with creditors, including Apollo Global Management and JPMorgan Chase, aim to avoid debt-for-equity swaps that could trigger $4 billion in taxes. The process began after the company lost broadband customers in 2024 amid intense competition, leading to a judicial conflict with creditors who previously cooperated in 2024.
Limitations
Evidence covers the preparation of a Chapter 11 filing and creditor negotiations up to late 2026. Specific dates for the filing deadline are uncertain, and the exact timeline for negotiations remains unconfirmed. The source does not provide details on the final restructuring terms or the company's future operational status beyond the immediate restructuring phase.
Generated by Bittrees-hosted qwen35-2b sha256:aaf42c8b7c3c on 23/10/2026, 19:10:11 UTC. Based on publisher-provided feed evidence; may not cover the full original article. Check the source for details.
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