Charter renegotiates with more buyout firms

Last week I relayed the news that Apollo Management was looking to swap its Charter debt for equity so it could have a voice in the company’s restructuring.  Now its being joined two other buyout companies; Oaktree Capital Management and Franklin Resources.  Supposedly, Paul Allen, company co-founder will retain voting control in the company.  Why?  Its not like he has a good track record with Charter.  Maybe its a face-saving gesture.

Bloomberg Article

Tags: Apollo Management, Charter Communications, Franklin Resources, Linkedin, Oaktree Capital Management