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Cable One Faces 12% Yield to Fund Buyout After Debt Swap Stalls

Bloomberg Technology Wednesday 22 July 2026, 20:16 UTC By Reshmi Basu 1 min read
Key Points

Cable One Faces 12% Yield to Fund Buyout After Debt Swap Stalls Cable One Inc. is facing a steep cost to finalize the buyout of a company whose debt it has indicated it may not support when it comes due next year. The broadband provider is required to purchase the remaining 55% stake in Mega Broadband Investments to satisfy a looming put option held by private equity firm GTCR. JPMorgan Chase & Co. is sounding out potential lenders on a roughly $1 billion loan package to fund this...

Cable One Faces 12% Yield to Fund Buyout After Debt Swap Stalls Cable One Inc. is facing a steep cost to finalize the buyout of a company whose debt it has indicated it may not support when it comes due next year. The broadband provider is required to purchase the remaining 55% stake in Mega Broadband Investments to satisfy a looming put option held by private equity firm GTCR. JPMorgan Chase & Co. is sounding out potential lenders on a roughly $1 billion loan package to fund this acquisition and to refinance Cable One’s existing maturities, according to people familiar with the matter.
Debt Swap Stalls (ORG) Debt Swap Stalls Cable One Inc. (ORG) Mega Broadband Investments (ORG) GTCR (ORG) JPMorgan Chase & Co. (ORG) Cable One’s (ORG)
Originally published by Bloomberg Technology Read original →

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