Bloomberg on Altice: Debt and Corruption Probe at Patrick Drahi’s Group

David Nazar
Founder & CIO
October 25, 2023
9:00 am

Bloomberg examines Altice’s debt position and the implications of a corruption probe at Patrick Drahi’s group, highlighting risks for governance and creditor confidence.

Bloomberg outlines how Altice, controlled by Patrick Drahi, is navigating a substantial debt burden alongside a corruption probe affecting parts of the group. The feature sets out the background to recent developments and the implications for financing conditions, governance and creditor confidence across the business.

For additional background on the investigation and investor communications during this period, see Reuters’ coverage. Related topics within our investment focus are covered under Distressed and Stressed Credit.

You can read the full Bloomberg feature here.

Bloomberg, Capital Structure

David Nazar

David Nazar is Founder and Managing Partner, Chief Investment Officer at Ironshield Capital Management, where he leads the firm’s European corporate credit strategies. He oversees investment direction, portfolio construction and risk management across event-driven, stressed and high yield credit mandates. David works closely with the investment team to identify relative value opportunities across complex capital structures, with a disciplined focus on fundamental analysis, downside protection and compounding absolute returns across market cycles.