Cable One, Inc. (NYSE:CABO) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01. Entry into a Material Definitive Agreement.
that certain Amendment No. 1 (the Amendment), with JPMorgan Chase
Bank, N.A., as administrative agent, and the lenders party
thereto, to amend that certain Credit Agreement, dated as of June
30, 2015, among the Company, JPMorgan Chase Bank, N.A., as
administrative agent, and the lenders and other agents party
thereto from time to time (as so amended, the Credit Agreement).
The Amendment has been entered into in anticipation of the
proposed acquisition of RBI Holding LLC (the Acquisition), to the
Agreement and Plan of Merger, dated as of January 17, 2017, among
the Company, Frequency Merger Sub, LLC, RBI Holding LLC, RBI
Blocker Corp., RBI Blocker Holdings LLC and GTCR-RBI, LLC (the
Merger Agreement). The Amendment, among other things, (a) permits
the incurrence of incremental term loans in an aggregate
principal amount of up to $650 million under one or more new
tranches of term loans established under the Credit Agreement to
fund the Acquisition, (b) permits the consummation of the
Acquisition and the other transactions contemplated by the Merger
Agreement and (c) makes certain other amendments that will become
effective only if the Acquisition is consummated.
complete and is qualified in its entirety by reference to the
full text of the Amendment attached hereto as Exhibit 10.1 and
incorporated by reference herein.
Obligation under an Off-Balance Sheet Arrangement of a Registrant
the Amendment is incorporated by reference into this Item 2.03.
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Exhibit
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Description
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10.1
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Amendment No. 1, dated as of February 13, 2017, among Cable
One, Inc., the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent. |
About Cable One, Inc. (NYSE:CABO)
Cable One, Inc. is a provider of data, video and voice services in approximately 20 Western, Midwestern and Southern states. The Company’s products include Residential Video Services, Residential Data Services, Residential Voice Services, Business Services and Advertising. It provides these broadband services to residential and business customers in approximately 40 cable systems covering over 400 cities and towns. The markets it serves are non-metropolitan, secondary markets, with its customers located in approximately five states: Mississippi, Idaho, Oklahoma, Texas and Arizona. The Company is the cable system operator in the United States making services available to approximately 1,644,000 homes in the United States. It provides service to approximately 664,600 residential and business customers out of over 1,644,000 homes passed. Of these customers, approximately 501,240 subscribed to data services, over 364,150 to video services and approximately 127,090 to voice services. Cable One, Inc. (NYSE:CABO) Recent Trading Information
Cable One, Inc. (NYSE:CABO) closed its last trading session up +0.45 at 636.30 with 22,873 shares trading hands.
