The proposed deal involves a first-lien term loan provided by a combination of new and existing lenders. This development follows a disclosure by the company last week confirming that it was engaged in advanced negotiations regarding its financial future. These discussions include the private-equity firm GTCR, its current group of lenders, and a broader consortium of private lending institutions.
Cable One Shares Surge on Reports of $1.25 Billion Financing Deal
A 15% jump in Cable One’s share price arrived Thursday following reports that the broadband provider is nearing a $1.25 billion financing agreement. While the stock reached $15.20 midday, the company still faces an 87% year-to-date decline as it attempts to stabilize its capital structure through new debt.
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