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Altice France’s senior creditors are aligning their interests with an unusually long-dated cooperation agreement ahead of debt restructuring talks, according to people with knowledge of the matter.
Group advisers Gibson Dunn & Crutcher and Rothschild & Co. detailed a six-month agreement in a call with investors on Friday, said the people, who asked not to be identified because discussions are private. The deal could be extended twice for 60 days after the initial period, the people added, and it has the support of the group’s steering committee, one of the people said.
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