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Cable One (CABO) shares jumped 14.8% after the company announced it is in advanced discussions regarding financing for its upcoming capital needs and extended the deadline for purchasing the remaining stake in Mega Broadband Investments Holdings.
Cable One is in advanced discussions with private equity firm GTCR and its existing and new lenders regarding financing to address its balance sheet, the company stated Friday. The potential transactions would involve securing new capital for the broadband communications provider.
Cable One shares rose after the company announced it is in advanced discussions with GTCR, certain existing lenders, and a consortium of private lending institutions regarding financing transactions to address forthcoming capital needs. The stock was up 13% in morning trading.
Cable One is in advanced discussions with GTCR, existing lenders, and private credit firms regarding financing to address upcoming capital needs and improve its capital structure, though no definitive agreements have been reached. The deadline for the MBI stake purchase has been extended to October 9, 2026.