CoBank Files Restraining Order Against Cable One Amid Refinancing Talks
1 report, 1 independent
Updated Oct 13
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What happened
On October 9, 2026, CoBank filed a temporary restraining order in a federal court in the Southern District of New York, preventing Cable One from purchasing 55% of Mega Broadband. CoBank claims that paying the purchase price would constitute a constructive fraudulent transfer. Separately, Cable One reached an agreement in principle with GTCR and other lenders to refinance $2.45 billion of its obligations.
From financialcontent.com
Why it matters
The refinancing package, which includes extending and shrinking a revolving credit facility, depends on the resolution of the restraining order. Following the agreement in principle, Cable One shares jumped 8.8%, though no definitive financing agreements have been signed.
From financialcontent.com
Who's involved
- CoBankLender that filed the temporary restraining order against Cable One.
- GTCRFinancial organization involved in the $2.45 billion refinancing package for Cable One.
- Southern DistrictFederal court district where CoBank filed the restraining order.