Optimum raises $500M via preferred units, starts $300M tender at $2.50 to shield assets from CSC debt

Optimum Communications, Inc.

Unsub Topco privately places $300M Series A Preferred Units at 13% cash / 15% compounding dividend to institutional investors.
Next Alt exchanges 80M Optimum shares for $200M preferred units at $2.50; voting power drops 94% to 90.5%.
Cash tender for up to $300M of Class A shares at $2.50; funded by $300M private placement preferred units.
CSC Holdings $21.8B debt with $6.2B maturing 2027; potential tax liability >$4B if deconsolidation occurs in restructuring.
Amendment to UnSub Credit Agreement for Cablevision Litchfield and CSC Optimum dated May 29, 2026.

item 1.01 item 3.02 item 7.01 item 8.01 item 9.01

Machine-readable event card

schema_version: secwatch.filing_event.v1
accession: 0001213900-26-063161
form_type: 8-K
ticker: OPTU
cik: 0001702780
company_name: Optimum Communications, Inc.
filed_at: 2026-06-01T12:16:33+00:00
discovered_at: 2026-06-01T12:20:00.233530+00:00
generated_at: 2026-06-01T12:20:48.019281+00:00
sec_items: ["1.01", "3.02", "7.01", "8.01", "9.01"]
event_type: other_material
sentiment: negative
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: high
secwatch_canonical_url: https://secwatch.observer/filing/0001213900-26-063161
json_url: https://secwatch.observer/filing/0001213900-26-063161.json
markdown_url: https://secwatch.observer/filing/0001213900-26-063161.md
text_url: https://secwatch.observer/filing/0001213900-26-063161.txt
edgar_index_url: https://www.sec.gov/Archives/edgar/data/1702780/000121390026063161/0001213900-26-063161-index.htm
edgar_primary_document_url: https://www.sec.gov/Archives/edgar/data/1702780/000121390026063161/ea0292871-8k_optimum.htm
generated_by_model: deepseek-v4-flash:cloud@v2
review_status: machine_generated
human_reviewed: false
corrected: false
correction_note: null
correction_timestamp: null
superseded_by: null

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Source: SEC EDGAR

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