Cable One’s $470 Million Common Stock Offering

Cravath, Swaine & Moore acted as counsel for Cable One, while Simpson Thacher represented the underwriters in connection with the offering.

Cable One, Inc. executed the offering of 287,500 shares of Cable One’s common stock (including 37,500 shares issued pursuant to the exercise of the underwriters’ option) for net proceeds of approximately $470 million.

Cable One intends to use the net proceeds of the offering to repay outstanding borrowings under its revolving credit facility and for general corporate purposes, including strategic acquisitions and investments.

J.P. Morgan Securities LLC, BofA Securities, Inc., Wells Fargo Securities, LLC, Barclays Capital Inc., Credit Suisse Securities (USA) LLC, SunTrust Robinson Humphrey, Inc., TD Securities (USA) LLC, BMO Capital Markets Corp., BTIG, LLC, Citizens Capital Markets, Inc., Deutsche Bank Securities, Inc., Fifth Third Securities, Inc., MUFG Securities Americas Inc., B. Riley FBR, Inc., Cowen and Company, LLC, KeyBanc Capital Markets Inc., Raymond James & Associates, Inc., and Stephens Inc. acted as underwriters for the offering.

Cable One is a fully integrated provider of data, video and voice services in 21 Western, Midwestern and Southern states, providing broadband services to residential and business customers in more than 950 communities.

Cravath, Swaine & Moore represented Cable One in the offering.

Simpson Thacher represented the underwriters with a team including Art Robinson (Picture), David Azarkh, Kate Draper and Arielle Trapp (Capital Markets); Jon Cantor and Suzy Yaster (Tax); Jennifer Neilsson (Executive Compensation and Employee Benefits); Michael Isby (Environmental); Bobbie Burrows (Intellectual Property); and Jennie Getsin (Blue Sky).

Involved fees earner: David Azarkh – Simpson Thacher & Bartlett; Bobbie Burrows – Simpson Thacher & Bartlett; Jonathan Cantor – Simpson Thacher & Bartlett; Jennie Getsin – Simpson Thacher & Bartlett; Michael Isby – Simpson Thacher & Bartlett; Jennifer Neilsson – Simpson Thacher & Bartlett; Arthur Robinson – Simpson Thacher & Bartlett; Arielle Trapp – Simpson Thacher & Bartlett; Susan Yaster – Simpson Thacher & Bartlett; Katherine Draper – White & Case;

Law Firms: Simpson Thacher & Bartlett; White & Case;

Clients: B. Riley FBR; Bank of America Securities; Barclays Capital ; BMO Capital Markets; BTIG, LLC; Citizens Capital Markets; Cowen and Company; Credit Suisse Securities (USA) LLC; Deutsche Bank Securities; Fifth Third Securities, Inc.; J.P. Morgan Securities LLC; KeyBanc Capital Markets; MUFG Securities Americas Inc. ; Raymond James & Associates, Inc.; Stephens Inc.; SunTrust Robinson Humphrey, Inc.; TD Securities; Wells Fargo Securities;

Author: Ambrogio Visconti