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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 said it is in advanced discussions regarding financing transactions.
Cable One said it is in advanced discussions with GTCR, certain existing lenders and private lending institutions regarding financing transactions to address forthcoming needs.