Optimum Communications (NYSE: ATUS) secures $1.1B term loan and refinances debt

Rhea-AI Filing Summary

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.

Insights

Capital structure and credit analyst

Subsidiaries replace a receivables facility with a $1.1B fixed-rate term loan.

Optimum Communications discloses that Cablevision Litchfield, LLC and CSC Optimum Holdings, LLC entered into an amended and restated credit agreement providing an incremental term loan of $1,100 million. The loan carries a fixed interest rate of 9.000% per year, matures on November 25, 2028, and has no amortization, meaning principal is due at maturity rather than through scheduled repayments.

The proceeds were used to refinance all outstanding debt under a prior receivables facility, pay related fees and expenses, and leave any excess available for general corporate purposes. This shifts financing from a receivables-backed structure to a long-dated term loan, concentrating repayment at maturity and locking in interest costs at the disclosed fixed rate. The overall impact on leverage, liquidity, and interest expense depends on full capital structure details that are not included in this excerpt.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):

January 12, 2026

Optimum Communications, Inc.

(Exact Name of Registrant as Specified in its Charter)

Delaware

(State of Incorporation)

001-38126		38-3980194
(Commission File Number)		(IRS Employer Identification Number)
1 Court Square West
Long Island City, New York		11101
(Address of principal executive offices)		(Zip Code)

(516) 803-2300

(Registrant's telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Class A Common Stock, par value $0.01 per share		OPTU		New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ¨

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Item 1.01 Entry into a Material Definitive Agreement.

Amended and Restated UnSub Credit Agreement

On January 12, 2026, Cablevision Litchfield, LLC (“Cablevision Litchfield”) and CSC Optimum Holdings, LLC (“CSC Optimum”), each an indirect wholly-owned subsidiary of Optimum Communications, Inc., entered into an Amended and Restated Credit Agreement (the “A&R UnSub Credit Agreement”), by and among Cablevision Litchfield and CSC Optimum, each as a borrower, the guarantors party thereto, the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent and collateral agent.

The A&R UnSub Credit Agreement provides for, among other things, an incremental term loan commitment in an aggregate principal amount of $1,100 million. The loans made pursuant to the incremental term loan commitment (the “UnSub Incremental Term Loan”) have the same terms as the initial term loans extended pursuant to the Credit Agreement, dated as of November 25, 2025, among, inter alios, CSC Optimum, Cablevision Litchfield, the guarantors party thereto, the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative and collateral agent and will (i) mature on November 25, 2028, (ii) accrue interest at a fixed rate per annum equal to 9.000% and (iii) not amortize. The proceeds from the UnSub Incremental Term Loan were used to (x) refinance all of the outstanding debt under the Receivables Facility Loan and Security Agreement, dated as of July 16, 2025, by and among Cablevision Funding LLC, Cablevision SPE Guarantor LLC, the other loan parties party thereto from time to time, each of the financial institutions from time to time party thereto as lenders, Alter Domus (US) LLC, as administrative agent, Citibank, N.A., as Account Bank (as defined therein), Citibank, N.A., as collateral agent, and Goldman Sachs Bank USA and TPG Angelo Gordon, as structuring agents and (y) pay certain fees and expenses relating to the foregoing, with any excess proceeds being used for general corporate purposes.

The foregoing summary of the terms of the A&R UnSub Credit Agreement is qualified in its entirety by reference to the full text of the A&R UnSub Credit Agreement filed as Exhibits 10.1 to this Current Report on Form 8-K and incorporated herein by reference.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information set forth above under Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference into this Item 2.03.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits.

Exhibit		Description
10.1		Amended and Restated Credit Agreement, dated as of January 12, 2026, by and among Cablevision Litchfield, LLC and CSC Optimum Holdings, LLC, each as a borrower, the guarantors party thereto, the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent and collateral agent.
104		Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

		Optimum Communications, Inc.
	By:	/s/ Michael E. Olsen
Dated: January 12, 2026		Michael E. Olsen
		General Counsel & Chief Corporate Responsibility Officer

FAQ

What new financing did Optimum Communications, Inc. (ATUS) disclose?

Optimum Communications, Inc. disclosed that its indirect subsidiaries Cablevision Litchfield, LLC and CSC Optimum Holdings, LLC entered into an Amended and Restated UnSub Credit Agreement providing an incremental term loan commitment with an aggregate principal amount of $1,100 million.

What are the key terms of the new $1.1 billion term loan for ATUS subsidiaries?

The UnSub Incremental Term Loan for Cablevision Litchfield and CSC Optimum will mature on November 25, 2028, accrue interest at a fixed rate of 9.000% per year, and will not amortize, so principal repayment is due at maturity.

How will Optimum Communications, Inc. (ATUS) use the proceeds of the UnSub Incremental Term Loan?

The company states that proceeds from the UnSub Incremental Term Loan were used to refinance all outstanding debt under a prior receivables facility, to pay related fees and expenses, and that any excess proceeds will be used for general corporate purposes.

Which entities are the borrowers under the Amended and Restated UnSub Credit Agreement?

The borrowers under the Amended and Restated UnSub Credit Agreement are Cablevision Litchfield, LLC and CSC Optimum Holdings, LLC, each an indirect wholly-owned subsidiary of Optimum Communications, Inc.

Who is the administrative and collateral agent for the new ATUS credit agreement?

JPMorgan Chase Bank, N.A. is the administrative agent and collateral agent under the Amended and Restated UnSub Credit Agreement for Cablevision Litchfield, LLC and CSC Optimum Holdings, LLC.

What prior facility did the new Optimum Communications term loan refinance?

The proceeds from the UnSub Incremental Term Loan were used to refinance all outstanding debt under the Receivables Facility Loan and Security Agreement dated July 16, 2025, which involved Cablevision Funding LLC, Cablevision SPE Guarantor LLC, various lenders, and other parties.