Cable One Borrows $700 Million to ‘Preserve Financial Flexibility’
The company is hoping to close its acquisition of Mega Broadband Investments by Oct. 1
The company is hoping to close its acquisition of Mega Broadband Investments by Oct. 1
WASHINGTON, Sept. 23, 2026 – Cable One borrowed another $700 million last week, the company told federal regulators Tuesday.
According to quarterly filings from the company last month, that was all that was available to borrow under its $1.25 billion revolving credit facility as of June 30.
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CoBank alleged MBI was worth far less than the $480 million Cable One was set to pay