Cable One Wraps Up $650 Million Notes Issue

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On November 9, 2020, Cable One, Inc. said it has completed its previously announced private offering of $650 million aggregate principal amount of 4.00% Senior Notes due 2030. The Company intends to use the net proceeds of the Offering for general corporate purposes, which may include acquisitions and strategic investments, including its previously announced investment in Mega Broadband Investments Holdings LLC. The terms of the Notes are governed by an indenture dated as of November 9, 2020 among the Company, the guarantors party thereto and The Bank of New York Mellon Trust Company, N.A., as trustee.

The Notes bear interest at a rate of 4.00% per annum payable semi-annually in arrears on May 15 and November 15 of each year, beginning on May 15, 2021. The Notes are required to be guaranteed on a senior unsecured basis by each of the Company’s existing and future wholly owned domestic subsidiaries that guarantees the Company’s obligations under its senior secured credit facilities or that guarantees certain capital markets debt of the Company or a guarantor in an aggregate principal amount in excess of $250 million.

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