Cable One expected to price $500 million 10-year notes on Tuesday

By Paul A. Harris

Portland, Ore., Oct. 26 – Cable One, Inc. plans to price a $500 million offering of 10-year senior notes on Tuesday, according to a syndicate source.

The Rule 144A and Regulation S deal for was set to be shopped on a Monday morning conference call with investors.

BofA Securities Inc. is the left bookrunner. J.P. Morgan Securities LLC, Wells Fargo Securities LLC, Credit Suisse Securities (USA) LLC, Truist Securities Inc., TD Securities (USA) LLC and U.S. Bancorp Investments Inc. are the joint bookrunners.

Citizens Capital Markets Inc., Fifth Third Securities Inc., MUFG, Barclays, BMO Capital Markets Corp. and Deutsche Bank Securities Inc. are the co-managers.

The notes become callable after five years at par plus 50% of the coupon.

The Phoenix-based data, video and voice services provider plans to use the proceeds for general corporate purposes, which may include acquisitions and strategic investments, including the MBI investment.

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