NautaDutilh Luxembourg advised an ad hoc group of approximately 180 senior secured creditors of Altice France on Luxembourg law aspects of the group’s recent €24 billion financial restructuring — one of the largest and most complex liability management exercises ever completed in Europe.
This landmark cross-border transaction, fully implemented on 1 October 2025, marks a critical step in the Altice Group’s strategic effort to optimise its capital structure, reduce debt, and strengthen its long-term financial resilience.
“This restructuring represents a pivotal moment for Altice and its stakeholders. We were proud to advise the senior creditor group on this transformative deal, which required intricate navigation of Luxembourg legal frameworks within a multi-jurisdictional setting. Working alongside Gibson Dunn and other international advisers, our cross-practice team played a key role in delivering a legally sound and efficient solution.”
The NautaDutilh Luxembourg team included Aline Nassoy, Brice Bertolotti, and Max Heuermann (Corporate M&A), Josée Weydert, Marta Borowska, and Sophie Rougeron (Banking & Finance), as well as Jean-Marc Groelly and Isabelle Absalon (Tax).
The Altice Group, is a multinational telecommunications, mass media, and content company with operations across Europe, the U.S., as well as other key markets and the second largest telecoms company in France.
