Patrick Drahi's Altice International Accused of Defaulting on Over €2 Billion in Debt

Creditors of Patrick Drahi's Altice International have issued a notice of default, alleging that a series of transactions breached key terms of borrowing agreements related to over €2 billion of debt due in 2028. This move could lead to a protracted legal dispute and potentially trigger demands for immediate repayment of the principal owed, highlighting stress in the sovereign debt and credit markets.