Altice's Lightpath plans to issue a $2.8 billion fiber ABS to offset the $7.2 billion debt due in 2027.

Wisdom Finance App learned that Cablevision Lightpath LLC is a fiber optic communication service provider, controlled by Altice USA Inc. (ATUS.US). The company is currently planning to sell up to $2.8 billion in asset-backed securities. According to documents submitted to the New York Public Service Commission on July 3, these securities will be backed by the company's fiber optic network assets (including pipelines and cables) and customer agreements.