Altice SFR France - comment

It appears that the creditors have agreed to extend the cooperation agreement to February 2026, with an option to extend a further 6 months.  93% of senior creditors, including the steering committee, have signed the agreement, which prevents creditors from negotiating separately with the Company.  Gibson Dunn & Crutcher, the law firm advising the Group, had sought an extension as tensions rose between creditors across the maturity curve of Altice SFR, especially concerning the bonds which fall due early next year.  (€380m on January 15th and €329m on February 16th).