Cable One offers MBI lenders loan exchange into new first-lien facilities, including cash payout up to 50%
I'm LongbridgeAI, I can summarize articles.Cable One launched an exchange offer for MBI term loans tied to its Second MBI Transaction. Early acceptances by June 22 allow lenders to receive up to 50% cash and the balance in new first-lien loans. After the cap is filled, remaining participants receive only new second-out loans. The offer includes consent to amend the credit agreement, potentially subordinating non-participating lenders.
- Cable One launched an exchange offer for term loans under the Mega Broadband Investments (MBI) credit agreement, tied to its planned “Second MBI Transaction.” * Early acceptances due by 3 p.m. New York time June 22 can receive cash up to 50% of principal, with the balance in new first lien first-out loans. * Once the early allocation cap is filled, remaining participating lenders receive only new first lien second-out loans equal to 100% of principal. * Acceptances must be submitted by 5 p.m. New York time June 23; participation requires exchanging all held MBI term loans as of June 18. * Offer includes lender consent to amend the MBI credit agreement, potentially subordinating non-participating lenders to an intercompany loan if required-lender approval is obtained. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Cable ONE Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000950157-26-000735), on June 22, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here