{"id":1009125,"date":"2026-10-12T06:33:20","date_gmt":"2026-10-12T10:33:20","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/cable-one-provides-update-on-the-pending-purchase-of-mega-broadband\/"},"modified":"2026-10-12T06:33:20","modified_gmt":"2026-10-12T10:33:20","slug":"cable-one-provides-update-on-the-pending-purchase-of-mega-broadband","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/cable-one-provides-update-on-the-pending-purchase-of-mega-broadband\/","title":{"rendered":"Cable One Provides Update on the Pending Purchase of Mega Broadband"},"content":{"rendered":"

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Cable One Provides Update on the Pending Purchase of Mega Broadband<\/b><\/p>\n

\nCompany has agreed in principle on material terms with GTCR and other lenders regarding a financing solution<\/p>\n

PHOENIX–(BUSINESS WIRE<\/a>)–
\nCable One, Inc. (NYSE: CABO) (\u201cCable One\u201d or the \u201cCompany\u201d) today announced that, on October 9, 2026, the United States District Court for the Southern District of New York entered a temporary restraining order (the \u201cTRO\u201d) that temporarily prohibits Cable One from acquiring the 55% of Mega Broadband Investments Holdings LLC (\u201cMBI\u201d) that it does not currently own.<\/p>\n

\nThe action was commenced by CoBank, ACB, a lender under the Company’s existing credit agreement. The complaint alleges that the Company’s payment of the MBI purchase price would constitute a constructive fraudulent transfer. CoBank is seeking, among other things, an injunction prohibiting the Company from closing the MBI acquisition.<\/p>\n

\nThe TRO was entered prior to any hearing or court appearance by Cable One. The Company strongly believes CoBank’s claims are incorrect as a matter of law. Cable One intends to vigorously dispute these claims and protect its interests. However, the Company makes no assurances regarding the timing or outcome of the pending proceedings.<\/p>\n

\nUnder the terms of the MBI acquisition agreement Cable One is not obligated to close the transaction if and for so long as any legal restraint to closing is in effect.<\/p>\n

\nAs an update to last week\u2019s disclosure, Cable One has made substantial progress towards a series of financing transactions with GTCR LLC, certain of its existing lenders and a consortium of leading private lending institutions to address the majority of its forthcoming capital needs. This series of transactions is expected to result in the extension and reduction of the Company\u2019s revolving credit facility, settlement of the aforementioned put and the complete paydown of the Company\u2019s B-4 term loan. In totality this refinancing is expected to address $2.45 billion of the Company\u2019s current obligations and nearest-term debt maturities while providing the Company with liquidity to invest in the business and execute upon its long-term strategic plan. This transaction is subject to resolution of the TRO or any other applicable legal restraint. The Company cautions, however, that no definitive financing agreements have been entered into thus far, and there can be no guarantee that any financing transaction will materialize.<\/p>\n

About Cable One<\/b><\/p>\n

\nCable One, Inc. (NYSE:CABO) is a leading broadband communications provider delivering exceptional service and enabling approximately 1 million residential and business customers across 24 states to thrive and stay connected to what matters most. Through Sparklight\u00ae<\/sup>, the brand our customers know and trust, we\u2019re not just shaping the future of connectivity \u2013 we\u2019re transforming it with a commitment to innovation, reliability, and customer experience at our core.<\/p>\n

\nOur robust infrastructure and cutting-edge technology don\u2019t just keep our customers connected; they help drive progress in education, business, and everyday life. We\u2019re dedicated to bridging the digital divide, empowering our communities, and fostering a more connected world. When our customers choose Cable One, they are choosing a team that is always working for them \u2013 one that believes in the relentless pursuit of reliability, because being a trusted neighbor isn\u2019t just what we do \u2013 it\u2019s who we are.<\/p>\n

Forward-Looking Statements<\/b><\/p>\n

\nThis communication may contain \u201cforward-looking statements\u201d that involve risks and uncertainties. These statements can be identified by the fact that they do not relate strictly to historical or current facts, but rather are based on current expectations, estimates, assumptions and projections about the Company\u2019s industry, business, strategy, technologies, acquisitions and strategic investments, market expansion plans, dividend policy, capital allocation, financing strategy, the put option associated with the remaining equity interests in Mega Broadband Investments Holdings LLC (\u201cMBI\u201d), which was exercised on January 2, 2026 (the \u201cPut Option\u201d), the purchase price payable pursuant to the Put Option (such purchase price, the \u201cPut Price\u201d), the anticipated timeline to consummate such transaction, the Company\u2019s ability and sources of capital to fund the Put Price, litigation related to the MBI acquisition, MBI\u2019s future indebtedness, and the Company\u2019s financial results and financial condition. Forward-looking statements often include words such as \u201cwill,\u201d \u201cshould,\u201d \u201canticipates,\u201d \u201cestimates,\u201d \u201cexpects,\u201d \u201cprojects,\u201d \u201cintends,\u201d \u201cplans,\u201d \u201cbelieves\u201d and words and terms of similar substance in connection with discussions of future operating or financial performance. As with any projection or forecast, forward-looking statements are inherently susceptible to uncertainty and changes in circumstances. The Company\u2019s actual results may vary materially from those expressed or implied in its forward-looking statements. Accordingly, undue reliance should not be placed on any forward-looking statement made by the Company or on its behalf. Important factors that could cause the Company\u2019s actual results to differ materially from those in its forward-looking statements include government regulation, economic, strategic, political and social conditions and the following factors, which are discussed in the Company\u2019s latest Annual Report on Form 10-K and in its subsequent filings with the Securities and Exchange Commission (the \u201cSEC\u201d), including its latest Quarterly Report on Form 10-Q:<\/p>\n