Cable One Takes on Mega Debt to Finance Vyve Broadband Acquisition
Regional ISP borrows $700 million apparently to help acquire the 55% of Vyve parent Mega Broadband Investments Holdings that it did not previously own
Regional ISP borrows $700 million apparently to help acquire the 55% of Vyve parent Mega Broadband Investments Holdings that it did not previously own
Debt: Cable One is going deeper into debt – apparently to wrap up the acquisition of Vyve Broadband parent Mega Broadband Investments by the end of the month. In a Sept. 22 filing with the SEC, the Phoenix‑based broadband provider said it borrowed $700 million under its $1.25 billion revolving credit facility to increase cash on hand and preserve financial flexibility. The company said the borrowing occurred on Sept. 17 and Sept. 18 and may be repaid before the facility’s February 2028 maturity, according to Chief Legal Officer and Secretary Christopher J. Arntzen. As of June 30, 2026, Cable One’s gross debt balance was $3.06 billion, meaning the $700 million to by MBI would boost debt by nearly 23%. (More after paywall)

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