Altice USA shares rise 3.70% premarket after Altice France's debt restructuring approved by Paris court.

Altice Usa, Inc. rose 3.70% in premarket trading, with the company's French counterpart, Altice France, announcing that its debt restructuring had been approved by Paris' commercial court. This restructuring is expected to cut Altice's financial debt by more than 9 billion euros ($10.4 billion) and reduce financial costs by nearly 400 million euros per year, which could pave the way for a sale of its French telecoms unit SFR.