secwatch.observer — SEC 8-K summary
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Issuer:     Optimum Communications, Inc. (OPTU)
CIK:        0001702780
Form:       8-K
Filed at:   2022-12-21T23:59:59+00:00
Accession:  0001628280-22-032367
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Altice USA subsidiary CSC Holdings enters $2B debt refinancing, extends maturities to 2028
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- CSC Holdings, LLC (Altice USA subsidiary) entered Thirteenth Amendment to Credit Agreement on Dec 19, 2022.
- New 2022 Refinancing Term Loan Commitments total $2,001,942,177.56 with 200 bps original issue discount.
- Loans bear interest at SOFR+4.50% or ABR+3.50%; maturity extended to earlier of Jan 15, 2028 or Apr 15, 2027.
- Proceeds will refinance $1.54B March 2017 Term Loans and $527M October 2018 Incremental Term Loans.
- Effective date expected on or about Dec 29, 2022, subject to customary closing conditions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1702780/000162828022032367/0001628280-22-032367-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1702780/000162828022032367/atus-20221219.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-032367

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