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Get filing alertsOptimum secures $250M term loan at 9% fixed rate, maturing November 2028
Filed July 6, 2026 · Period ending July 6, 2026 · ~1 min read
Key Changes
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Subsidiaries Cablevision Litchfield and CSC Optimum obtained $250M incremental term loan with 9% fixed annual interest rate, maturing November 25, 2028, with no principal amortization required before maturity.
Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR → -
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Loan proceeds designated for general corporate purposes without specification of particular projects or obligations.
Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
Summary
Optimum Communications disclosed that two of its subsidiaries, Cablevision Litchfield and CSC Optimum, entered into a second amended credit agreement securing $250 million in incremental term loan financing. The loan carries a 9% fixed annual interest rate and matures November 25, 2028, with no amortization required before maturity. The terms mirror those of existing term loans under the prior credit agreement.
The company stated proceeds will be used for general corporate purposes but provided no detail on specific deployment. For a cable and broadband operator, the 9% fixed rate reflects current market conditions for leveraged credits. The lack of amortization provides near-term cash flow flexibility but concentrates repayment risk at the November 2028 maturity.
Section-by-Section Diff
Event · Item 1.01 — Entry into a Material Definitive Agreement
Item 1.01 — Entry into a Material Definitive Agreement filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
The proceeds from the UnSub Incremental Term Loan are intended to be used for general corporate purposes.
The company disclosed the $250 million loan proceeds will be used for general corporate purposes, without specifying particular projects or obligations.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jul 10, 2026 · How we verify