Optimum Communications, Inc. (OPTU): debt financing — Optimum Communications subsidiary closes $1.657B fiber securitization, refinances existing debt

Optimum Communications, Inc.

Issued $1.527B Class A-2 Notes at 5.597% and $130M Class B Notes at 5.890%.
Net proceeds used to repay $1.553B of 5.625% senior notes due 2028, 3.875% secured notes due 2027, and term loan.
Securitized assets include fiber network assets and customer contracts in NY, Boston, NJ, CT, PA, VA.
Legal final maturity March 2056; anticipated repayment date March 2031 triggers monthly principal payments.
Notes secured by substantially all securitized assets; guaranteed by asset entities and a guarantor.

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 senior notes of $1,657.0 million in aggregate principal amount with Wilmington Trust, National Association at Class A-2 Notes will bear interest at a rate of 5.597%, and the Class B Notes wi maturing March 2056.

Instrument: senior notes
Principal: $1,657.0 million in aggregate principal amount
Counterparty: Wilmington Trust, National Association
Rate: Class A-2 Notes will bear interest at a rate of 5.597%, and the Class B Notes wi
Maturity: March 2056
Event: incurrence

Exact text from the filing

On March 3, 2026, Lightpath Fiber Issuer LLC (the “Issuer”) completed the previously announced securitization financing transaction and issued $1,657.0 million in aggregate principal amount of Secured Fiber Network Revenue Notes, Series 2026-1 (the “Notes”), consisting of $1,527.0 million in aggregate principal amount of Series 2026-1, Class A-2 Notes (the “Class A-2 Notes”), and $130.0 million in aggregate principal amount of Series 2026-1, Class B Notes (the “Class B Notes”). The Class A-2 Notes will bear interest at a rate of 5.597%, and the Class B Notes will bear interest at a rate of 5.890%.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Optimum Communications, Inc. entered into Base Indenture with Wilmington Trust, National Association valued at $1,657.0 million (effective 2026-03-03).

Action: entry
Agreement: notes offering
Counterparty: Wilmington Trust, National Association
Value: $1,657.0 million
Effective: 2026-03-03

Exact text from the filing

On March 3, 2026, Lightpath Fiber Issuer LLC (the “Issuer”) completed the previously announced securitization financing transaction and issued $1,657.0 million in aggregate principal amount of Secured Fiber Network Revenue Notes, Series 2026-1 (the “Notes”)

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Optimum Communications, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-26-024969

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