Cable ONE Inc.

10/07/2024 | Press release | Distributed by Public on 10/07/2024 14:15

Material Agreement Form 8 K

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.