Every 8-K that Altice USA, Inc. (ATUS) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow ATUS and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full ATUS filings page.
Optimum Communications outlined a complex capital and liability management plan built around a new unrestricted subsidiary, CSC Investments II LLC (Unsub Topco). Unsub Topco raised $300 million by issuing perpetual Series A preferred units with cash dividends at 13% or 15% if compounded, and redemption terms targeting a minimum multiple on invested capital of up to 2.5x in certain downside scenarios.
It also issued Preferred Units with an initial stated value of $200 million to Next Partner and $12.4 million to directors and executives in exchange for Optimum shares at $2.50 per share. Separately, Unsub Topco launched a tender offer to repurchase up to 120,000,000 Class A shares at $2.50 in cash, or $300 million, versus a prior closing price of $0.658. CSC Holdings, Optimum’s key operating subsidiary, has $21.8 billion of funded debt and faces $6.2 billion maturing in 2027, while the company estimates that a non‑consensual CSC restructuring could trigger a U.S. federal tax liability exceeding $4 billion. Management is seeking a consensual restructuring with a creditor group holding about 99% of CSC Holdings’ debt and presented a long‑range plan that targets gross margin of about 73% and Adjusted EBITDA margin of about 45% by 2031.
Optimum Communications reported a mixed first quarter of 2026, combining heavy one-time charges with modest operating progress. Total revenue was $2.07 billion, down 4.0% year over year, as residential revenue fell 6.5% and residential ARPU eased to $132.32.
The company posted a net loss attributable to stockholders of $2,884.1 million, or $6.10 per diluted share, driven largely by a $2.7 billion non‑cash impairment of indefinite‑lived cable franchise rights. Adjusted EBITDA was $789.0 million, down 1.3% year over year, but the Adjusted EBITDA margin improved to 38.2%, reflecting cost discipline and efficiency measures.
Free Cash Flow remained negative at a deficit of $137.4 million, though this improved from a $168.6 million deficit a year earlier. Broadband trends stayed challenging with total broadband net losses of 64 thousand, while mobile remained a bright spot, delivering 52 thousand net line additions and 35% growth in residential mobile service revenue to $50 million. As of March 31, 2026, consolidated net debt was $25,488 million, implying net leverage of 7.5x L2QA, with 476.3 million combined Class A and B shares outstanding.
Optimum Communications, Inc. reported a planned leadership transition for Michael E. Olsen, its Executive Vice President, General Counsel and Chief Corporate Responsibility Officer. He will move to a new role as Senior Executive Counsel, Capital Transformation effective October 1, 2026, or earlier upon appointment of a successor, and retire on December 31, 2027.
Under a Transition, Retention and Retirement Agreement dated April 1, 2026, Olsen is eligible for a lump-sum cash retention payment of $3,575,000, fully earned on December 31, 2027, conditioned on continued employment, with repayment required if he departs earlier other than for specified qualifying terminations. The agreement also details continued salary, benefits and vesting of long-term incentive awards through his retirement and provides ongoing indemnification and directors’ and officers’ insurance coverage.
Optimum Communications, Inc. updated its 2026 executive compensation structure by granting deferred cash awards (DCAs) under its 2026 long-term incentive program. The Compensation Committee approved DCAs for CEO Dennis Mathew at $5,000,000, CFO Marc Sirota at $1,750,000, General Counsel & Chief Corporate Responsibility Officer Michael Olsen at $1,500,000, and President, Consumer Services Michael Parker at $1,125,000.
One-third of each DCA will vest on December 14 of 2026, 2027 and 2028, subject to continued service. DCAs represent 50% of the 2026 long-term incentive mix, with the remaining 50% expected as cash performance awards under the 2017 Long Term Incentive Plan. Long-term incentive targets, 2026 salaries, and bonus targets remain unchanged from 2025, but bonuses will now be measured and paid quarterly rather than annually.
Optimum Communications, Inc., through its Lightpath subsidiary, completed a securitization financing in which Lightpath Fiber Issuer LLC issued $1,657.0 million of Secured Fiber Network Revenue Notes, Series 2026-1. This includes $1,527.0 million of Class A-2 Notes bearing 5.597% interest and $130.0 million of Class B Notes bearing 5.890% interest.
The Notes are secured by Lightpath fiber network assets and customer contracts across several Northeast markets and are guaranteed by related asset entities and a guarantor LLC. Lightpath used substantially all net proceeds to repay $1,553.3 million of existing notes and a term loan and to fund securitization reserve accounts, with remaining proceeds for general corporate purposes. Interest is payable monthly, principal amortization is scheduled to begin after March 25, 2031, and legal final maturity is in March 2056, subject to covenants and potential rapid amortization if coverage tests are not met.
Optimum Communications reported fourth quarter and full year 2025 results showing lower revenue but stronger margins and cash generation late in the year. Total revenue was $2.18 billion in Q4 2025 (down 2.3% year over year) and $8.59 billion in 2025 (down 4.1%).
The company posted a net loss attributable to stockholders of $71.2 million in Q4 2025 and $1.87 billion for 2025, heavily impacted by $1.61 billion of cable franchise impairment, equal to a full-year loss of $4.00 per share. Adjusted EBITDA was $902.2 million in Q4 (up 7.7% year over year) and $3.34 billion for 2025, with margins improving to 41.3% in Q4 and 38.8% for the year.
Free cash flow rose to $199.4 million in Q4 2025 but was a deficit of $118.8 million for the year as capital expenditures reached $1.35 billion. Broadband subscribers declined, though broadband and residential ARPU grew. Net debt was $25.29 billion as of December 31, 2025, equal to 7.3x L2QA leverage, with multiple refinancing transactions completed and additional ABS financing expected to further reshape the debt stack.
Optimum Communications, Inc. reports that its indirect subsidiaries Cablevision Litchfield, LLC and CSC Optimum Holdings, LLC entered into an Amended and Restated UnSub Credit Agreement with a group of lenders led by JPMorgan Chase Bank. The agreement includes an incremental term loan commitment with an aggregate principal amount of $1,100 million, maturing on November 25, 2028, bearing a fixed annual interest rate of 9.000% and with no scheduled amortization.
The company states that proceeds from this UnSub Incremental Term Loan were used to refinance all outstanding debt under a prior receivables facility, cover related fees and expenses, and that any remaining funds are available for general corporate purposes. This transaction effectively replaces a receivables-based financing structure with a large, fixed-rate term loan at the subsidiary level.
Optimum Communications, Inc. reported that its Compensation Committee approved special cash bonuses for three top executives on December 1, 2025. These bonuses are intended to reward what the company describes as extraordinary contributions related to capital raising activities.
The awards will be paid through regular payroll and total $1.95 million: Chairman and CEO Dennis Mathew will receive $750,000, while Chief Financial Officer Marc Sirota and General Counsel and Chief Corporate Responsibility Officer Michael E. Olsen will each receive $600,000. The filing focuses solely on these compensation decisions and does not include broader financial results.
Optimum Communications, Inc. reported a major refinancing of subsidiary debt. CSC Holdings, LLC entered into a Fourteenth Amendment to its credit agreement, adding new Incremental Term Loan B-7 commitments totaling $2,000,000,000, with interest based on Term SOFR plus a 4.500% margin or an alternate base rate plus 3.500%. These loans were used to refinance all outstanding Incremental Term Loan B-6 and pay related fees and expenses.
After this refinancing, indirect subsidiaries Cablevision Litchfield, LLC and CSC Optimum Holdings, LLC entered into a new UnSub Credit Agreement providing initial term loan commitments of $2,000,000,000. The UnSub Term Loans carry a fixed interest rate of 9.000%, mature on November 25, 2028, do not amortize, and their proceeds were used to refinance all of CSC Holdings’ Incremental Term Loans B-7, effectively moving the debt into the new structure.
Altice USA (ATUS) announced financial results for the quarter ended September 30, 2025. The company furnished a press release detailing the quarter’s performance and related updates.
The press release was provided as an exhibit and designated as furnished, not filed. Altice USA’s Class A common stock trades on the NYSE under the symbol ATUS.