SCHEDULE 13G: Empyrean Capital Partners Discloses 6.3% Stake in Altice USA

Empyrean Capital Partners, LP and Amos Meron have jointly disclosed a beneficial ownership of 6.3% of Altice USA, Inc.'s Class A Common Stock as of December 31, 2024.

Summary

• Empyrean Capital Partners, LP (ECP) and Amos Meron (collectively, the "Reporting Persons") have filed a Schedule 13G, disclosing their beneficial ownership in Altice USA, Inc.
• As of December 31, 2024, the Reporting Persons collectively beneficially own 17,500,000 shares of Altice USA's Class A Common Stock.
• This ownership represents 6.3% of the total Class A Common Stock outstanding.
• The percentage is calculated based on 276,965,358 shares of Class A Common Stock outstanding as of September 30, 2024, as reported in Altice USA's Form 10-Q.
• ECP serves as the investment manager to Empyrean Capital Overseas Master Fund, Ltd. (ECOMF), which directly holds the shares.
• Amos Meron is the managing member of Empyrean Capital, LLC, the general partner of ECP.
• The Reporting Persons certify that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of Altice USA.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that would indicate a positive or negative sentiment regarding the company's performance or prospects. It is a neutral regulatory filing.

Future Outlook

NA

Management Comments

• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11."

Industry Context

This filing indicates a significant passive investment by an institutional investor in Altice USA, a major telecommunications and broadband provider. Such disclosures are common for investment firms taking substantial, non-controlling stakes in publicly traded companies.

Stakeholder Impact

• Shareholders: The disclosure of a significant institutional holder (6.3%) provides transparency regarding the company's ownership structure, which can influence investor perception and potentially signal institutional confidence or interest in the stock.

Key Dates

Keywords

Altice USA, Empyrean Capital Partners, Amos Meron, Schedule 13G, Beneficial Ownership, Class A Common Stock, Investment Manager, Institutional Investor, SEC Filing