Optimum Communications Prepares Chapter 11 Filing to Hand Control to Creditors
Optimum Communications is preparing to file for Chapter 11 to transfer control to creditors as it faces billions of dollars in upcoming debt maturities, according to people familiar with the matter.
Optimum Communications is preparing a Chapter 11 filing that would transfer control to creditors as the company seeks to manage billions of dollars in upcoming debt maturities, according to people familiar with the matter. The broadband provider and its creditors are working toward a…