Ropes & Gray represented Altice France S.A., Altice France Holding S.A., and certain of their affiliates in connection with their historic cross-border restructuring involving more than €24 billion of debt. Altice France is the second largest telecommunications provider in France.
After a years’ long negotiation, Altice France reached an agreement on the terms of a financial restructuring with its existing debtholders that, among other things, eliminated over €8.0 billion of funded debt, extended funded debt maturities from 2025 to 2028 and beyond, and enabled the company to continue providing cutting-edge and uninterrupted telecommunications services to over 50 million customers throughout France. The transaction with respect to Altice France S.A. was implemented through an accelerated safeguard proceeding in France and ancillary chapter 15 proceedings in the United States. The transaction successfully closed on October 1, 2025.
The Ropes & Gray team included finance partners Michael Kazakevich and Benoit Lavigne, business restructuring partners Matthew Czyzyk and Daniel Gwen, asset management partner Anna Lawry, capital markets partner Tristan VanDeventer, counsel Alexandru Mocanu, and associates Natalie Raine, Shabdita Gupta, Hoey Lee, Edward Olsen, Lucas Brown, Facundo Nazur, and Alexandra Elphick.
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