secwatch.observer — SEC 8-K summary
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Issuer:     Cable One, Inc. (CABO)
CIK:        0001632127
Form:       8-K
Filed at:   2024-12-20T23:59:59+00:00
Accession:  0000950157-24-001698
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1632127/000095015724001698/0000950157-24-001698-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1632127/000095015724001698/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0000950157-24-001698

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