secwatch.observer — SEC 8-K summary
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Issuer:     Optimum Communications, Inc. (OPTU)
CIK:        0001702780
Form:       8-K
Filed at:   2025-11-25T23:59:59+00:00
Accession:  0001104659-25-115874
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Optimum subsidiaries refinance $2B debt with incremental term loan (SOFR+4.5%) and fixed-rate 9% loan
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1702780/000110465925115874/0001104659-25-115874-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1702780/000110465925115874/tm2532088d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-115874

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