Billionaire Patrick Drahi’s Third Act Against Creditors
A highly aggressive financial maneuver crunches down existing creditors and moves assets out of their reach
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Welcome to The Brink . We’re Luca Casiraghi , Giulia Morpurgo and Irene García Pérez in Milan, London and New York, reporting on the dramatic showdown between billionaire Patrick Drahi and Altice creditors. We also have news on China Vanke’s latest salvo to bondholders and disappointed hopes for litigation finance. Follow this link to subscribe . Send us feedback and tips at debtnews@bloomberg.net .
Patrick Drahi has jolted creditors of his telecommunications conglomerate with another round of unexpected — and highly aggressive — financial maneuvers.