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-0.000432405720109912 9.26583685950816E-05 0.000926583685949938 0.00214658553911743 0.00222380084627985 0.00222380084627985 0.00222380084627985 0.00222380084627985
Stock impact report

JPMorgan Backs Altice USA's Refinancing of TPG, Goldman Debt [Yahoo! Finance Canada]

JP Morgan Chase & Co. (JPM) 
Last jp morgan chase & co. earnings: 4/14 06:43 am Check Earnings Report
Most Read from Bloomberg Representatives for JPMorgan, TPG and Goldman Sachs declined to comment. A representative for Altice didn't immediately respond to a request for comment. Any efforts to preserve Altice's cash are likely to appease creditors to the embattled telecommunications firm, which has struggled under a heavy debt load and has brought on advisers to evaluate its options. Its lenders have also been rocked by some of its recent moves. In November, the US unit of billionaire Patrick Drahi's telecom empire sued creditors including Apollo Capital Management LP, Ares Management LLC and BlackRock Financial Management Inc., alleging they had formed an “illegal cartel” when they struck a so-called cooperation agreement. That same month, Altice — which recently rebranded as Optimum Communications Inc. — raised $2 billion from JPMorgan for the early refinancing of a loan due in 2028. While that loan carried some of the strictest investor safeguards in the company's capital Show less Read more
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