debt
confidence high
sentiment neutral
materiality 0.55
Optimum Communications enters $250M incremental term loan at 9% fixed, maturing 2028
Optimum Communications, Inc.
- Incremental term loan commitment of $250 million under Second Amended and Restated Credit Agreement.
- Loan matures November 25, 2028, bears interest at 9.000% fixed per annum, no amortization.
- Proceeds intended for general corporate purposes.
- Borrowers are indirect wholly-owned subsidiaries Cablevision Litchfield, LLC and CSC Optimum Holdings, LLC.
- JPMorgan Chase Bank, N.A. serves as administrative agent and collateral agent.