Optimum Communications Secures $2 Billion Term Loan at 9% Fixed Rate
Optimum Communications, Inc. Class A OPTU | 1.33 1.28 | +2.31% -3.76% Pre |
Optimum Communications Inc., through its indirect subsidiaries, has entered into significant new financing arrangements. On November 25, 2025, CSC Holdings, LLC, an indirect wholly-owned subsidiary, executed a Fourteenth Amendment to its existing credit agreement, further modifying the terms with its lending group led by JPMorgan Chase Bank, N.A. Additionally, following the refinancing of certain existing loans, subsidiaries Cablevision Litchfield, LLC and CSC Optimum Holdings, LLC entered into a new Credit Agreement with JPMorgan Chase Bank, N.A. as administrative and collateral agent. This new agreement provides for $2 billion in initial term loan commitments, maturing in November 2028 and carrying a fixed interest rate of 9% per annum with no amortization. The proceeds from this financing were used to refinance prior term loans and pay associated fees and expenses.
