Loan & DebtJun 23, 2026, 09:12 AM
Cable One MBI Term Loan Exchange Offer: 33.4% Participation
AI Summary
Cable One, Inc. announced an interim participation update for its MBI Term Loan Exchange Offer. As of June 22, 2026, MBI Lenders holding approximately 33.4% of all outstanding MBI Term Loans have submitted irrevocable acceptances. The offer, which provides different compensation structures based on participation order, is set to expire on June 23, 2026.
Key Highlights
- Approximately 33.4% of outstanding MBI Term Loans have been irrevocably accepted in the exchange offer.
- The MBI Term Loan Exchange Offer is scheduled to expire on June 23, 2026, at 5:00 p.m. New York City time.
- Early participants (up to 50.01% of total) receive 50% cash and 50% new first lien "first out" term loans.
- Later participants receive 100% new first lien "second out" term loans.
Price Impact
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