Court temporarily blocks Cable One purchase of Mega Broadband stake
A US court temporarily blocked Cable One from buying 55% of MBI. The company says it can delay closing while the restraint remains in force.
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what happened
Reuters reports that a US court issued a temporary restraining order on October 9, 2026, preventing Cable One from acquiring 55% of MBI as part of its pending purchase of Mega Broadband. Cable One said it is not required to complete the acquisition while the legal restraint remains effective.
The company also said it had made substantial progress on financing transactions with GTCR and its lenders. The planned transactions are expected to extend and reduce the revolving credit facility and repay the B-4 term loan. The refinancing is expected to address $2.45 billion in current obligations and debt maturities.
why it matters
The court order puts the transaction timetable on hold while Cable One continues work on its financing plan. The proposed refinancing is focused on $2.45 billion of obligations and maturities, making the company’s debt structure an important market consideration.
instruments
sources
- Cable One Provides Update On The Pending Purchase Of Mega Broadband — Reuters, 12 October 2026 at 10:34 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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