---
schema_version: "secwatch.filing_event.v1"
accession: "0000950157-24-001698"
form_type: "8-K"
ticker: "CABO"
cik: "0001632127"
company_name: "Cable One, Inc."
filed_at: "2024-12-20T23:59:59+00:00"
generated_at: "2026-05-29T00:18:23.208125+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Cable One amends MBI partnership; pays $250M upfront for enhanced call/put flexibility

## Summary
- Paid $250M cash and MBI incurred $100M debt for other equity holders; reduces future purchase price dollar-for-dollar.
- Call right reinstated exercisable after Q3 2025; put right deferred to no earlier than Jan 1, 2026, closing no earlier than Oct 1, 2026.
- If put/call exercised, purchase price estimated $410M-$550M for 55% stake; MBI net debt then $845M-$895M.
- MBI has ~226K data customers, 674K passings, $320M revenue in last twelve months.
- Net leverage expected to peak in Q4 2024 following transaction.

## SEC filing metadata
- accession: 0000950157-24-001698
- form_type: 8-K
- ticker: CABO
- cik: 0001632127
- company_name: Cable One, Inc.
- filed_at: 2024-12-20T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1632127/000095015724001698/0000950157-24-001698-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1632127/000095015724001698/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950157-24-001698
- JSON: https://secwatch.observer/filing/0000950157-24-001698.json
- Plain text: https://secwatch.observer/filing/0000950157-24-001698.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.