...NEW YORK (S&P Global Ratings) Jan. 16, 2019--S&P Global Ratings today assigned its '###-' issue-level rating and '1' recovery rating to Cable One Inc.'s $250 million term loan B-2 due 2026. The '1' recovery rating indicates our expectation of very high (90%-100%; rounded estimate: 95%) recovery for lenders in the event of a payment default. The company will use the term loan to partially fund its acquisition of Clearwave Communications, a fiber operator based in southern Illinois. In addition, we affirmed our '###-' issue-level rating on Cable One's existing secured debt facilities, which include a $200 million revolver due 2020, a $250 million term loan A due 2022, and a $500 million term loan B due 2024. The '1' recovery rating remains unchanged, indicating our expectation of very high (90%-100%; rounded estimate: 95%) recovery for lenders in the event of a payment default. At the same time, we affirmed our '##' issue-level rating on Cable One's unsecured debt and revised the recovery...
