The Firm represented the underwriters, led by J.P. Morgan Securities LLC, in connection with a registered offering by Cable One, Inc. (“Cable One”) of 287,500 shares of Cable One’s common stock (including 37,500 shares issued pursuant to the exercise of the underwriters’ option) for net proceeds of approximately $470 million. Cable One intends to use the net proceeds of the offering to repay outstanding borrowings under its revolving credit facility and for general corporate purposes, including strategic acquisitions and investments.
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 included Art Robinson, David Azarkh, Kate Draper and Arielle Trapp (Capital Markets); Jon Cantor and Suzy Yaster (Tax); Jennifer Neilsson (Executive Compensation and Employee Benefits); Michael Isby (Environmental); Bobbie Burrows (Intellectual Property); and Jennie Getsin (Blue Sky).