Altice USA accuses creditors of forming ‘illegal cartel’
Market Intelligence Analysis
AI-PoweredAltice USA has accused major creditors, including Apollo, Ares, BlackRock, and Oaktree, of forming an 'illegal cartel' to manipulate its debt, which totals $26 billion. This accusation could lead to a complex legal battle and may impact the company's financial stability. The creditors' actions could also have broader implications for the debt market and investor confidence.
Market impact analysis based on bearish sentiment with 64% confidence.
Article Context
Defendants who own large chunks of $26bn distressed debt pile include Apollo, Ares, BlackRock and Oaktree
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