secwatch.observer — SEC 8-K summary
======================================

Issuer:     Optimum Communications, Inc. (OPTU)
CIK:        0001702780
Form:       8-K
Filed at:   2022-07-14T23:59:59+00:00
Accession:  0001628280-22-018924
Event type: debt
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Altice USA subsidiary CSC Holdings enters $2.325B revolving credit facility extension to 2027
--------------------------------------------------------------------------------

- New 2022 Extended Revolving Credit Commitments of $2,325 million mature July 13, 2027 (or earlier if March 2017 term loans outstanding).
- Existing $150 million revolving commitments maturing January 2024 retained; remaining balance extended.
- Interest on extended loans: Term SOFR + 2.25% or base rate + 1.25% per annum.
- Amendment required no default and included reaffirmation of loan party guarantees and security interests.
- Transaction refinances prior 2019 revolving commitments; proceeds used for general corporate purposes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1702780/000162828022018924/0001628280-22-018924-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1702780/000162828022018924/atus-20220713.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-018924

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer