Cable One’s $2.125 Billion Senior Secured Credit Facilities

Cravath represented Cable One, Inc. (“Cable One”) in connection with an amended and restated credit agreement providing for $2.125 billion of senior secured credit facilities.

Cable One is a leading broadband communications provider serving more than 800,000 residential and business customers in 21 states. The credit facilities consist of a $500 million senior secured term B-1 loan facility, a $250 million senior secured term B-2 loan facility, a $325 million senior secured term B-3 loan facility, a $250 million senior secured term A loan facility, a $450 million senior secured delayed draw term A loan facility and a $350 million senior secured revolving credit facility. The transaction closed on May 8, 2019.

The Cravath team included partner Joseph D. Zavaglia (Picture) and associates Douglas C. Dolan and William M. Heisey on banking matters, and associate Rebecca Fine on tax matters.

Involved fees earner: Douglas Dolan – Cravath Swaine & Moore; Rebecca Fine – Cravath Swaine & Moore; William Heisey – Cravath Swaine & Moore; Joseph Zavaglia – Cravath Swaine & Moore;

Law Firms: Cravath Swaine & Moore;

Clients: Cable ONE, Inc.;