8-K - Optimum Communications, Inc. | StockGist

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Optimum Communications, Inc. disclosed that its indirect subsidiary Lightpath Fiber Issuer LLC completed a $1,657.0 million securitization financing on March 3, 2026, issuing Secured Fiber Network Revenue Notes, Series 2026-1, secured by fiber network assets in multiple U.S. metro areas. Proceeds were used to repay $1,553.3 million of existing senior notes and term loan, with remaining funds for general corporate purposes.

Key Takeaways

1Lightpath Fiber Issuer LLC issued $1,657.0 million Secured Fiber Network Revenue Notes, Series 2026-1 on March 3, 2026

2$1,527.0 million Class A-2 Notes at 5.597% interest; $130.0 million Class B Notes at 5.890% interest

3Notes secured by fiber network assets and customer contracts in New York City, Boston, New Jersey, Connecticut, Pennsylvania, Virginia

4Anticipated Repayment Date March 25, 2031; legal final maturity March 2056

5Net proceeds repaid $1,553.3 million of 5.625% senior notes due 2028, 3.875% senior secured notes due 2027, and term loan facility

6Issuer is bankruptcy-remote indirect subsidiary of Cablevision Lightpath LLC, majority-owned by Optimum Communications, Inc.

Current Report Details

Event Type

Material Agreement

Financing

Disclosure

Mandatory

Variant

8-K

Items Reported

1.01

Entry into a Material Definitive Agreement. On March 3, 2026, Lightpath Fiber Issuer LLC (the “Issuer”) completed the previously announced securitization financ

Material Agreement

$1.66B$1.53B$130.0M

2.03

. Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 4.1 Base Indenture, dated as of March 3, 2026, by and among Lightpath Fiber

Financing

Transaction Details

Material Agreement

Agreement: Base Indenture dated March 3, 2026
Parties: Lightpath Fiber Issuer LLC (Issuer), certain subsidiaries of the Issuer (Asset Entities), Wilmington Trust, National Association (Trustee)

•Secured Fiber Network Revenue Notes, Series 2026-1 issuance
•Interest payable monthly
•Principal payments monthly from March 25, 2031 (Anticipated Repayment Date)
•Legal final maturity March 2056
•Allows additional series of notes subject to conditions
•Rapid amortization if debt service coverage ratio fails

Debt / Financing

Instrument: Secured Fiber Network Revenue Notes, Series 2026-1
Principal: $1,657.0 million
Rate: Class A-2: 5.597%; Class B: 5.890%
Maturity: March 2056 (legal final); March 25, 2031 (Anticipated Repayment Date)
Use of Proceeds: Repay $1,553.3 million aggregate principal and interest of senior notes due 2027/2028 and term loan; fund reserve accounts; general corporate purposes

Exhibits (3)

4.1

EXHIBIT 4.1

4.2

EXHIBIT 4.2

8-K

FORM 8-K