Altice's Lightpath plans to issue $2.8 billion in fiber ABS to address $7.2 billion in debt maturing in 2027
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Cablevision Lightpath, a subsidiary of Altice USA, plans to issue $2.8 billion in asset-backed securities (ABS) to address $7.2 billion in debt maturing in 2027. The securities will be backed by fiber network assets and customer agreements. This news led to a 16% increase in Altice USA's stock price. Lightpath is actively seeking financing to alleviate its debt pressure. Recently, the ABS market for fiber infrastructure has developed rapidly, becoming an important channel for corporate financing
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