Mayer Brown advises Altice Group on landmark €24 billion structuring

Mayer Brown advised the Altice Group on the historic restructuring involving more than €24 billion of debt for Altice France S.A. and Altice France Holdings S.A. Altice France is the second largest telecommunications provider in France.

After a years’ long negotiation, Altice France has finalised a financial restructuring plan with its creditors. This will enable the group to reduce its debt by a total of €8.6 billion, bringing net debt to €15.5 billion. It will also secure the group's medium-term future by extending debt maturities from 2025 to 2028. Furthermore, it will allow Altice France to ensure a sustainable future for the group and continue providing cutting-edge telecommunications services to over 50 million customers throughout France.

The restructuring of Altice France S.A. was implemented under an accelerated safeguard proceeding in France. The transaction successfully closed on October 1, 2025.

This is one of the largest financial restructurings ever undertaken in the French and European markets.