Cable One’s $2.8 Billion of Senior Secured Credit Facilities

Cravath represented Cable One, Inc. in connection with $2.8 billion of amended and restated senior secured credit facilities provided by a syndicate of commercial banks and other lenders. The credit facilities consist of $1.8 billion of term loan facilities and a $1.0 billion revolving credit facility. Cable One is a leading broadband communications provider serving more than 1.1 million residential and business customers across 24 states. The transaction closed on February 22, 2023.

The Cravath team was led by partner Joseph D. Zavaglia and included of counsel Isaac C. Beerman and associate Christopher G. Doherty on banking matters; of counsel Elizabeth Albert on derivatives matters; associate Joana W. Li on tax matters; and practice area attorney Janet L. Lewis on real estate matters.