secwatch.observer — SEC 8-K summary
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Issuer:     Cable One, Inc. (CABO)
CIK:        0001632127
Form:       8-K
Filed at:   2023-02-24T23:59:59+00:00
Accession:  0001437749-23-004553
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cable One amends credit agreement: revolver upsized to $1B, maturities extended, $150M term loan added
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- Revolving credit facility increased by $500M to $1.0B; maturity extended to February 2028.
- Term loan B-3 upsized by $150M (total now $150M additional); maturity extended to October 2029.
- Benchmark rate switched from LIBOR to SOFR plus 10 basis points credit spread adjustment.
- Company drew $488M under revolver to repay all outstanding term A-2 loan.
- Term loan B-2 maturity also extended to October 2029; interest margins set at SOFR+2.25% or base+1.25%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1632127/000143774923004553/0001437749-23-004553-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1632127/000143774923004553/cabo20230222_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-004553

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