The Firm represented the initial purchasers, led by BofA Securities, Inc., in connection with a Rule 144A/Regulation S offering by 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 included David Azarkh, 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).