Cable One Provides Update on the Pending Purchase of Mega Broadband
Business Wire•12/10/2026•06:30 ET
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Key Highlights
- ➤TRO temporarily blocks Cable One’s purchase of MBI’s remaining 55% stake
- ➤CoBank alleges the MBI purchase price would constitute a constructive fraudulent transfer
- ➤Financing plan targets $2.45 billion of obligations and near-term debt maturities
- ➤Refinancing would extend and reduce the revolver and fully repay the B-4 term loan
- ➤No definitive financing agreements have been signed; funding remains uncertain
Cable One Provides Update on the Pending Purchase of Mega Broadband
Company has agreed in principle on material terms with GTCR and other lenders regarding a financing solution
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