Cable One, Inc. 8-K

What Happened

• Cable One, Inc. (the Company) reported in an 8-K (filed June 23, 2026) that the designated exchange agent received irrevocable acceptances from MBI Lenders holding approximately 33.4% of the outstanding senior secured MBI Term Loans as of 5:00 p.m. (New York City time) on June 22, 2026.
• The MBI Term Loan Exchange Offer relates to term loans under the Credit Agreement dated November 12, 2020 (as amended) among Mega Broadband Investments Holdings LLC (borrower), the lenders party thereto and Truist Bank (administrative agent). Offer materials were previously filed as Exhibit 99.1 on June 22, 2026.

Key Details

• 33.4% of outstanding MBI Term Loans had submitted irrevocable acceptances as of 5:00 p.m. ET on June 22, 2026.
• The exchange offer is set to expire at 5:00 p.m. ET on June 23, 2026, unless extended or earlier terminated.
• Treatment for participating lenders: on a first-come, first-served basis, loans accepted up to a 50.01% aggregate threshold receive 50% cash and 50% new first-lien “first out” term loans; amounts beyond that receive 100% new first-lien “second out” term loans.
• Late acceptances submitted after 3:00 p.m. ET on June 22, 2026 are valid only if the above capacity remains and are subject to the allocation rules described in the Offer Notice.

Why It Matters

• This filing updates investors on the progress of Cable One’s debt exchange for MBI Term Loans — a step that affects the composition and priority of debt obligations tied to related-party financing.
• The 33.4% participation level indicates partial lender uptake ahead of the offer expiration; whether the company reaches the 50.01% threshold will determine how much of the exchanged debt converts to cash plus higher-priority “first out” loans versus lower-priority “second out” loans.
• Changes in the form and seniority of outstanding debt can affect credit structure and future interest/cash flow obligations; investors should watch for a final participation result and any extensions or amendments disclosed by the Company.

Exhibit note: The Offer Notice (Exhibit 99.1) was filed with the Company’s June 22, 2026 8-K and is incorporated by reference. This 8-K is informational and not an offer to buy or sell securities.