Optimum Communications entered into a Second Amended and Restated Credit Agreement providing a $250 million incremental term loan for general corporate purposes. The new loan carries a fixed 9.000% interest rate, matures on Nov 25, 2028, and does not amortize, aligning with the terms of existing loans under the facility. JPMorgan Chase Bank is the administrative and collateral agent for the lender group.
Agreement details:
- Agreement type: $250 million incremental term loan under Second Amended and Restated Credit Agreement
- Counterparty: JPMorgan Chase Bank, as administrative agent, and other lenders
- Signed / Effective: Jul 06 2026 / Jul 06 2026
- Duration / Termination: Through Nov 25 2028
- Reason: Enhance liquidity for general corporate purposes
Original SEC Filing:
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