Cable One in talks with GTCR on financing to address capital needs

Cable One, Inc. (NYSE: CABO) announced it is in advanced discussions with private equity firm GTCR LLC, certain existing lenders, and a consortium of private lending institutions regarding financing transactions intended to address the company's forthcoming capital needs.

No definitive agreements have been reached, and the company cautioned there is no guarantee any transaction will be completed.

"The contemplated financings are intended to strengthen Cable One's overall financial position," said Jim Holanda, Chief Executive Officer of Cable One.

Stephen J. Jeschke, Managing Director at GTCR, said the firm has been working with Cable One to facilitate a potential transaction that would bring new capital into the business, adding that the parties are focused on "developing a solution that supports a sustainable path forward."

Separately, Cable One and GTCR agreed to extend the deadline for Cable One's purchase of the remaining 55% stake it does not already own in Mega Broadband Investments Holdings LLC to October 9, 2026. Cable One had previously exercised a put option on January 2, 2026, related to those equity interests.

Cable One provides broadband services to approximately one million residential and business customers across 24 states under the Sparklight brand.

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