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

Key facts

Extracted from this filing and checked against the source text.

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

Optimum Communications, Inc. issued Preferred Units having an initial stated value of $300 million of preferred stock to certain institutional accredited investors for aggregate purchase price of $300 million.

Security: preferred stock
Shares: Preferred Units having an initial stated value of $300 million
Purchaser: certain institutional accredited investors
Consideration: aggregate purchase price of $300 million

Exact text from the filing

On May 29, 2026, Unsub Topco, an indirect wholly owned subsidiary of Optimum, sold to certain institutional accredited investors newly issued Series A Preferred Units of Unsub Topco (the “Preferred Units”) having an initial stated value of $300 million for an aggregate purchase price of $300 million

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

Optimum Communications, Inc. entered into a equity purchase with certain institutional accredited investors valued at $300 million (effective 2026-05-29).

Action: entry
Agreement: equity purchase
Counterparty: certain institutional accredited investors
Value: $300 million
Effective: 2026-05-29

Exact text from the filing

On May 29, 2026, Unsub Topco, an indirect wholly owned subsidiary of Optimum, sold to certain institutional accredited investors newly issued Series A Preferred Units of Unsub Topco (the “Preferred Units”) having an initial stated value of $300 million for an aggregate purchase price of $300 million (the “Private Placement Transaction”).

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Optimum Communications, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-26-063161

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