Cable One Enters Material Agreement, Incurs Financial Obligation

TL;DR

Cable One just signed a big deal and owes money, filing shows.

AI Summary

On October 7, 2024, Cable One, Inc. entered into a material definitive agreement and created a direct financial obligation. The filing does not specify the other party involved in the agreement or the exact nature of the financial obligation, but it indicates a significant event for the company's financial structure.

Why It Matters

This filing signals a new financial commitment or agreement for Cable One, Inc., which could impact its balance sheet and future operations.

Risk Assessment

Risk Level: medium — The creation of a direct financial obligation and entry into a material definitive agreement suggests potential new debt or contractual commitments that could carry financial risk.

Key Players & Entities

• Cable One, Inc. (company) — Registrant
• October 7, 2024 (date) — Date of Report

FAQ

Key Financial Figures

• $0.01 — ich Registered Common Stock, par value $0.01 per share CABO New York Stock Excha
• $250.0 million — ty (the "Revolving Credit Facility") by $250.0 million to $1.25 billion; and (b) certain other
• $1.25 billion — Credit Facility") by $250.0 million to $1.25 billion; and (b) certain other amendments to th

Filing Documents

• form8-k.htm (8-K) — 27KB
• ex10-1.htm (EX-10.1) — 1308KB
• 0000950157-24-001386.txt ( ) — 1715KB
• cabo-20241007.xsd (EX-101.SCH) — 4KB
• cabo-20241007_lab.xml (EX-101.LAB) — 21KB
• cabo-20241007_pre.xml (EX-101.PRE) — 16KB
• form8-k_htm.xml (XML) — 4KB

01

Item 1.01 Entry into a Material Definitive Agreement On October 7, 2024 (the "Closing Date"), Cable One, Inc. (the "Company") and certain of its wholly owned subsidiaries entered into Amendment No. 2 (the "Amendment") with JPMorgan Chase Bank, N.A. ("JPMorgan"), as administrative agent, and the lenders party thereto, to amend its existing Fourth Amended and Restated Credit Agreement, dated as of February 22, 2023 (the "Existing Credit Agreement"; as amended by the Amendment, the "Amended Credit Agreement"). The Amendment provides for (a) an increase of the aggregate principal amount of commitments under the Company's revolving credit facility (the "Revolving Credit Facility") by $250.0 million to $1.25 billion; and (b) certain other amendments to the Existing Credit Agreement that will afford the Company enhanced capital structure optionality in the event Mega Broadband Investments Holdings LLC becomes a wholly owned restricted subsidiary of the Company under the Amended Credit Agreement. Except as described above, the Amendment did not make any material changes to the principal terms of the Existing Credit Agreement. The foregoing description of the Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Amendment, which is attached hereto as Exhibit 10.1 and is incorporated herein by reference.

03

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant The disclosure set forth above under Item 1.01 is incorporated by reference into this Item 2.03.

Financial Statements and Exhibits

Financial Statements and Exhibits. Exhibit No. Description 10.1 Amendment No. 2, dated as of October 7, 2024, among Cable One, Inc., certain of its wholly owned subsidiaries party thereto, JPMorgan Chase Bank, N.A., as administrative agent, and the lenders party thereto. 104 The cover page of this Current Report on Form 8-K, formatted in Inline XBRL.

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Cable One, Inc. By: /s/ Peter N. Witty Name: Peter N. Witty Title: Chief Legal and Administrative Officer Date: October 7, 2024

View Full Filing

View this 8-K filing on SEC EDGAR