Cable One’s $650 Million Senior Notes Offering

Cravath represented Cable One, Inc., while Simpson Thacher represented the initial purchasers in the offering.

Cable One, Inc. (“Cable One”) of $650 million aggregate principal amount of 4% Senior Notes due 2030. Cable One intends to use the net proceeds from the offering for general corporate purposes, which may include acquisitions and strategic investments. The offering of the Senior Notes was upsized from the previously announced size of $500 million.

Cable One is a fully integrated provider of data, video and voice services in 21 Western, Midwestern and Southern states, providing broadband services to residential and business customers in more than 950 communities.

The Simpson Thacher team representing the initial purchasers, led by BofA Securities, Inc., included David Azarkh (Picture), Della Fok and Alexander Leicht (Capital Markets); Jon Cantor and Suzy Yaster (Tax); Jennifer Neilsson and Richard Malek (Executive Compensation and Employee Benefits); Michael Isby (Environmental); Mark Skerry and Avia Gridi (Regulatory); Genevieve Dorment and Bobbie Burrows (Intellectual Property); and Jennie Getsin (Blue Sky).

Cravath represented Cable One, Inc. with a team which included partner Joseph D. Zavaglia and associates Douglas C. Dolan and Caroline H. Gieryn on capital markets matters, and partner Christopher K. Fargo and associate Duncan H. Hardell on tax matters.

Involved fees earner: Douglas Dolan – Cravath Swaine & Moore; Christopher K. Fargo – Cravath Swaine & Moore; Caroline Gieryn – Cravath Swaine & Moore; Duncan Hardell – Cravath Swaine & Moore; Joseph Zavaglia – Cravath Swaine & Moore; David Azarkh – Simpson Thacher & Bartlett; Bobbie Burrows – Simpson Thacher & Bartlett; Jonathan Cantor – Simpson Thacher & Bartlett; Genevieve Dorment – Simpson Thacher & Bartlett; Della Fok – Simpson Thacher & Bartlett; Jennie Getsin – Simpson Thacher & Bartlett; Avia Gridi – Simpson Thacher & Bartlett; Michael Isby – Simpson Thacher & Bartlett; Alexander Leicht – Simpson Thacher & Bartlett; Richard Malek – Simpson Thacher & Bartlett; Jennifer Neilsson – Simpson Thacher & Bartlett; Mark Skerry – Simpson Thacher & Bartlett; Susan Yaster – Simpson Thacher & Bartlett;

Law Firms: Cravath Swaine & Moore; Simpson Thacher & Bartlett;

Clients: Bank of America Securities; Cable One;

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Author: Ambrogio Visconti