Research Update: Cable One Inc. Ratings Placed On CreditWatch Negative On Full Acquisition Of Mega Broadband - S&P Global Ratings’ Credit Research

Research Update: Cable One Inc. Ratings Placed On CreditWatch Negative On Full Acquisition Of Mega Broadband

Research Update: Cable One Inc. Ratings Placed On CreditWatch Negative On Full Acquisition Of Mega Broadband - S&P Global Ratings’ Credit Research
Research Update: Cable One Inc. Ratings Placed On CreditWatch Negative On Full Acquisition Of Mega Broadband
Published Jun 23, 2026
4 pages (1810 words) — Published Jun 23, 2026
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About This Report

  
Abstract:

On Jan. 6, 2026, U.S. cable operator Cable One Inc. announced plans to acquire the remaining interest in Mega Broadband Communications Investments Intermediate I LLC (MBI) for about $480 million. Cable One plans to issue a new first-lien, second-out (FLSO) term loan to fund the transaction, and potentially refinance about $900 million of MBI debt through an exchange with MBI lenders. At the same time, Cable One plans to issue a new first-lien, first-out (FLFO) term loan (up to $1.4 billion) to repay remaining balances on its term loan B-2 due in 2029, term loan B-3 due in 2029, and term loan B-4 due in 2028. Earnings for the consolidated business have weakened, increasing pro forma adjusted debt to EBITDA

  
Brief Excerpt:

...Thomas J Hartman, CFA Princeton 1-312-233-7057 thomas.hartman @spglobal.com James Bach Washington DC james.bach @spglobal.com...

  
Report Type:

Research Update

Issuer
Cable One Inc.
Sector
Global Issuers
Country
United States
Region
United States
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: Cable One Inc. Ratings Placed On CreditWatch Negative On Full Acquisition Of Mega Broadband" Jun 23, 2026. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Cable-One-Inc-Ratings-Placed-On-CreditWatch-Negative-On-Full-Acquisition-Of-Mega-Broadband-3584898>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: Cable One Inc. Ratings Placed On CreditWatch Negative On Full Acquisition Of Mega Broadband Jun 23, 2026. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Cable-One-Inc-Ratings-Placed-On-CreditWatch-Negative-On-Full-Acquisition-Of-Mega-Broadband-3584898>
  
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