Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Optimum Communications, Inc. incurred term loan of $2,001,942,177.56 with JPMorgan Chase Bank, N.A., as administrative agent at Term SOFR rate plus 4.500% per annum maturing January 15, 2028.
- Instrument
- term loan
- Principal
- $2,001,942,177.56
- Counterparty
- JPMorgan Chase Bank, N.A., as administrative agent
- Rate
- Term SOFR rate plus 4.500% per annum
- Maturity
- January 15, 2028
- Event
- incurrence
Exact text from the filing
The Thirteenth Amendment provides for, among other things, new refinancing term loan commitments (the “2022 Refinancing Term Loan Commitments”) in an aggregate principal amount of $2,001,942,177.56, issued with an original issue discount of 200 basis points, with an extended maturity until the date that is the earlier of (i) January 15, 2028 and (ii) April 15, 2027 if, as of such date, any September 2019 Term Loans (as defined in the Eleventh Amendment) are still outstanding, unless the September 2019 Term Loan Maturity Date (as defined in the Eleventh Amendment) has been extended to a date falling after January 15, 2028.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Optimum Communications, Inc. amended Thirteenth Amendment to Credit Agreement with the 2022 Refinancing Term Loan Lenders and JPMorgan Chase Bank, N.A., as administrative agent valued at $2,001,942,177.56 (effective 2022-12-19).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- the 2022 Refinancing Term Loan Lenders and JPMorgan Chase Bank, N.A., as administrative agent
- Value
- $2,001,942,177.56
- Effective
- 2022-12-19
Exact text from the filing
On December 19, 2022, CSC Holdings, LLC (the “Borrower”), an indirect wholly-owned subsidiary of Altice USA, Inc., entered into a Thirteenth Amendment to Credit Agreement (Refinancing Amendment), by and among the Borrower, the 2022 Refinancing Term Loan Lenders (as defined therein) and JPMorgan Chase Bank, N.A., as administrative agent (the “Thirteenth Amendment”).
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