Optimum Communications, Inc. (OPTU): debt financing — Optimum subsidiaries refinance $2B debt with incremental term loan (SOFR+4.5%) and fixed-rate 9% loan

Optimum Communications, Inc.

CSC Holdings entered $2B incremental term loan B-7 (SOFR+4.50% or ABR+3.50%) maturing Jan 15, 2028.
Proceeds refinanced CSC's outstanding Incremental Term Loan B-6 and related fees.
Cablevision Litchfield and CSC Optimum borrowed $2B at 9% fixed, maturing 2028, to refinance CSC's incremental term loan B-7.
JPMorgan Chase Bank acted as administrative agent and lender for both facilities.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Optimum Communications, Inc. incurred term loan of $2,000,000,000 with the incremental lender party thereto at Term SOFR rate or the alternate base rate, as applicable, plus the applicable ma maturing the earlier of (i) January 15, 2028 and (ii) April 15, 2027.

Instrument: term loan
Principal: $2,000,000,000
Counterparty: the incremental lender party thereto
Rate: Term SOFR rate or the alternate base rate, as applicable, plus the applicable ma
Maturity: the earlier of (i) January 15, 2028 and (ii) April 15, 2027
Event: incurrence

Exact text from the filing

The Fourteenth Amendment provides for, among other things, new incremental term loan commitments (the “Incremental Term Loan B-7 Commitments”) in an aggregate principal amount of $2,000,000,000, with an extended maturity until the date that is the earlier of (i) January 15, 2028 and (ii) April 15, 2027

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Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Optimum Communications, Inc. incurred term loan of $2,000,000,000 with JPMorgan Chase Bank, N.A., as administrative agent and collateral agent at 9.000% maturing November 25, 2028.

Instrument: term loan
Principal: $2,000,000,000
Counterparty: JPMorgan Chase Bank, N.A., as administrative agent and collateral agent
Rate: 9.000%
Maturity: November 25, 2028
Event: incurrence

Exact text from the filing

The UnSub Credit Agreement provides for, among other things, initial term loan commitments in an aggregate principal amount of $2,000,000,000. The loans made pursuant to the initial term loan commitments (the “UnSub Term Loans”) will (i) mature on November 25, 2028, (ii) accrue interest at a fixed rate per annum equal to 9.000% and (iii) not amortize.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Optimum Communications, Inc. entered into UnSub Credit Agreement with Cablevision Litchfield, LLC and CSC Optimum Holdings, LLC valued at $2,000,000,000 initial term loan commitments, interest rate 9.000% per annum fixed, maturity Novembe (effective 2025-11-25).

Action: entry
Agreement: credit facility
Counterparty: Cablevision Litchfield, LLC and CSC Optimum Holdings, LLC
Value: $2,000,000,000 initial term loan commitments, interest rate 9.000% per annum fixed, maturity Novembe
Effective: 2025-11-25

Exact text from the filing

On November 25, 2025, following the consummation of the Refinancing, Cablevision Litchfield, LLC (“Cablevision Litchfield”) and CSC Optimum Holdings, LLC (“CSC Optimum”), each an indirect wholly-owned subsidiary of Optimum Communications, Inc., entered into a Credit Agreement (the “UnSub Credit Agreement”), by and among Cablevision Litchfield and CSC Optimum, each as a borrower, the guarantors party thereto, the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent and collateral agent.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Optimum Communications, Inc. amended Fourteenth Amendment to Credit Agreement (Incremental Loan Assumption Agreement) with CSC Holdings, LLC valued at $2,000,000,000 incremental term loan commitments, interest rate at Term SOFR plus 4.500% per annum o (effective 2025-11-25).

Action: amendment
Agreement: credit facility
Counterparty: CSC Holdings, LLC
Value: $2,000,000,000 incremental term loan commitments, interest rate at Term SOFR plus 4.500% per annum o
Effective: 2025-11-25

Exact text from the filing

On November 25, 2025, CSC Holdings, LLC (the “CSC Holdings”), an indirect wholly-owned subsidiary of Optimum Communications, Inc., entered into a Fourteenth Amendment to Credit Agreement (Incremental Loan Assumption Agreement) (the “Fourteenth Amendment”), by and among CSC Holdings, as borrower, the incremental lender party thereto and each of the other loan parties signatory thereto.

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Optimum Communications, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-25-115874

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