Millennium Shuts Jason Feasey’s Credit Trades After Altice Bets Sour

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Millennium Management is liquidating wagers made by credit trading specialist Jason Feasey after his bets on telecom network Altice caused losses at the hedge fund firm.

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How Altice Can Push Its Creditors to Cut Billions of Debt: Q&ABillionaire Patrick Drahi’s Altice is asking creditors to agree to losses as the company’s embattled French telecommunications arm pushes to slash a debt burden of almost €25 billion ($27 billion).
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Altice France Creditors Are Working on a Debt Plan With HoulihanAltice France’s creditors including Attestor Capital and Arini have started working with advisers Houlihan Lokey Inc. and law firm Milbank LLP ahead of debt talks with the company, according to people familiar with the matter.
Source: BNNBloomberg - 🏆 83. / 50 Read more »