BANKRUPT · Warning ListUnited States
United States · Cable and broadband
Optimum Communications
Its debts add up to more than $26bn, Bloomberg reports. Nothing is decided yet, and lenders and owners could still settle without a court.
86/100WarningBANKRUPT MeterSeveral serious signs at once.
1Where it stands
Nothing filed yet.
Optimum has not filed. It is weighing Chapter 11 to carry out a deal that would hand control to its lenders, Bloomberg reported on 22 October.
2The signals
What the sources say.
- Reportedly weighing Chapter 11 to carry out a debt deal; debts of more than $26bn, Bloomberg reports · news.bloomberglaw.com
- Close to handing control to lenders including Apollo, Oaktree and JPMorgan, the Wall Street Journal reports · broadbandbreakfast.com
Every line links to its source. The Meter and the verdict are Max Noble’s analysis.
Next
The full case is coming.
The 5-minute story on Optimum Communications is not written yet. Subscribe free to the Morning Warning List and it reaches you the day it is.