{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-115874","form_type":"8-K","ticker":"OPTU","cik":"0001702780","company_name":"Optimum Communications, Inc.","filed_at":"2025-11-25T23:59:59+00:00","discovered_at":"2026-05-14T18:02:40.195725+00:00","generated_at":"2026-05-16T16:57:54.208777+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Optimum subsidiaries refinance $2B debt with incremental term loan (SOFR+4.5%) and fixed-rate 9% loan","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-115874","json":"https://secwatch.observer/filing/0001104659-25-115874.json","markdown":"https://secwatch.observer/filing/0001104659-25-115874.md","text":"https://secwatch.observer/filing/0001104659-25-115874.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1702780/000110465925115874/0001104659-25-115874-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1702780/000110465925115874/tm2532088d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T16:57:54.208777+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"4a3b4e68a08e074f50a570e8ad82928d3723a3c5","claim":"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.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1702780/000110465925115874/0001104659-25-115874-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$2,000,000,000"},{"label":"Counterparty","value":"the incremental lender party thereto"},{"label":"Rate","value":"Term SOFR rate or the alternate base rate, as applicable, plus the applicable ma"},{"label":"Maturity","value":"the earlier of (i) January 15, 2028 and (ii) April 15, 2027"},{"label":"Event","value":"incurrence"}]},{"claim_id":"d5f9e212b8bcd913caf314478c20add98d4977d0","claim":"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.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1702780/000110465925115874/0001104659-25-115874-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$2,000,000,000"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A., as administrative agent and collateral agent"},{"label":"Rate","value":"9.000%"},{"label":"Maturity","value":"November 25, 2028"},{"label":"Event","value":"incurrence"}]}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}