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Cable One Shares Jump 12% Amid Proposed $1.25 Billion Financing

The proposed financing would include a new first-lien term loan intended to address Cable One’s balance sheet.

Fiber-optic connector beside a sealed metal document folder / TokenPost.ai
Fiber-optic connector beside a sealed metal document folder / TokenPost.ai

Cable One shares jumped 12% Thursday amid a proposed $1.25 billion financing aimed at addressing its balance sheet.

The proposed financing would include a new first-lien term loan. The proceeds would be used to address the company’s balance sheet.

John Kim

John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.

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