Drahi Is Playing an Old Game in the US With $22 Billion Debt

If Patrick Drahi’s recent restructuring of his French telecoms business showed how far certain borrowers can squeeze their lenders, just look at what he is doing on the other side...

By Chris Hughes · Bloomberg

If Patrick Drahi’s recent restructuring of his French telecoms business showed how far certain borrowers can squeeze their lenders, just look at what he is doing on the other side of the pond. The tycoon has pushed holders of $22 billion of debt in another of his companies into an extremely tight corner and once again the fine print may be on his side.