Optimum Communications, Inc. 8-K

What Happened

• On January 12, 2026, Optimum Communications’ indirect subsidiaries Cablevision Litchfield, LLC and CSC Optimum Holdings, LLC entered into an Amended and Restated Credit Agreement that adds an incremental term loan commitment of $1,100 million. JPMorgan Chase Bank, N.A. serves as administrative and collateral agent. The new loans (the UnSub Incremental Term Loan) have the same terms as the initial November 25, 2025 term loans.

Key Details

• Incremental term loan amount: $1,100 million.
• Borrowers: Cablevision Litchfield, LLC and CSC Optimum Holdings, LLC (indirect wholly‑owned subsidiaries).
• Interest and maturity: fixed interest rate of 9.000% per annum; maturity date November 25, 2028; no amortization (interest-only until maturity).
• Use of proceeds: refinance outstanding debt under the Receivables Facility Loan and Security Agreement (dated July 16, 2025), pay related fees and expenses; any excess for general corporate purposes.

Why It Matters

• This transaction increases the company’s consolidated debt by $1.1 billion under the amended credit agreement and establishes a fixed 9% interest obligation through November 2028. For investors, that means higher interest expense and a material change to the company’s capital structure, while also replacing the prior receivables facility. Investors should note the fixed-rate, non-amortizing structure (interest-only until maturity) and watch future filings for details on covenants and overall leverage.