Politics
Bondholders Forced to Reckon With $4 Billion Tax Threat in Bitter Credit Feud
Key Points
Bonds Bondholders Forced to Reckon With $4 Billion Tax Threat in Bitter Credit Feud Patrick Drahi was running out of options to save his debt-ridden telecom empire. Creditors had closed ranks under a cooperation pact, making it difficult for Optimum Communications to raise cash, and some had begun weighing whether to push the company, and its $26 billion debt load, into bankruptcy.
Bonds
Bondholders Forced to Reckon With $4 Billion Tax Threat in Bitter Credit Feud
Patrick Drahi was running out of options to save his debt-ridden telecom empire.
Creditors had closed ranks under a cooperation pact, making it difficult for Optimum Communications to raise cash, and some had begun weighing whether to push the company, and its $26 billion debt load, into bankruptcy.
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