Optimum Communications Nears Debt Deal to Transfer Control to Creditors
The U.S. broadband provider is nearing a debt restructuring deal that would hand control to lenders and resolve ongoing litigation, according to people familiar with the matter.
By Samantha Kroontje, Andrew Scurria and Alexander GladstoneOptimum Communications is nearing a debt restructuring deal that would hand control of the U.S. broadband provider to its lenders and resolve ongoing litigation between them, according to people familiar with the matter.The proposed transa…