Cable One Taps $700M Credit Line to Shore Up Liquidity
CABO is trading near its 52-week low of $16.555 (3.1% above the low).
Summary
Cable One drew $700 million from its revolving credit facility to boost cash on hand, following a $1.16 billion Q2 loss and collapsing equity. The draw preserves financial flexibility but adds debt at a precarious time.
Key Events · Financing and Capital Events · CABO
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$700M Revolving Credit Draw
On September 17-18, 2026, the company borrowed $700.0 million under its $1.25 billion revolving credit facility to increase cash on hand and preserve financial flexibility.
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Liquidity Buffer Amid Distress
This follows a $1.16 billion Q2 net loss, $598 million in asset impairments, and stockholders' equity of only $326 million as of the last 10-Q.
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Debt Terms and Maturity
Borrowings may be repaid at any time prior to the final scheduled maturity of the revolving credit facility in February 2028; terms are governed by the existing Fourth Amended and Restated Credit Agreement.
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Prior Financing Stress
A July 2026 debt exchange to fund the MBI acquisition stalled, forcing Cable One to pay a steep 12% yield to complete the borrowing.
Analysis · CABO · Technology
On September 17-18, 2026, Cable One drew $700 million from its existing $1.25 billion revolving credit facility, citing the need to increase cash on hand and preserve financial flexibility. The move follows a $1.16 billion Q2 net loss, $598 million in asset impairments, and a collapse in stockholders' equity to $326 million. Relative to the company's current market capitalization, the draw is substantial and signals management is reinforcing liquidity amid ongoing subscriber losses and a stalled debt exchange that previously forced a 12% yield. This borrowing is not new dilution—it is debt under an existing agreement—but it raises leverage and interest obligations at a time when the core broadband business continues to shrink.
How filings like this one have moved
In the 30 days to Sep 30, 2026, 29.6% of the 1609 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.57%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, CABO was trading at $17.06 on NYSE in the Technology sector, with a market capitalization of approximately $96.8M. The 52-week trading range was $16.56 to $180.74. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.