Altice International (Optimum Communications)
Designated key operating subsidiaries, about 80% of EBITDA, as unrestricted, supporting €750 million of structurally senior debt. In the US, Optimum sued its lenders' cooperation agreement under antitrust law.
Discussed in Liability Management Exercises: Law and Practice at ¶¶ 2.91, 5.12, 6.54, 9.59, 9.64, 9.70, 9.73, 10.62, 21.27, 21.67.