# Optimum Communications, Inc. (OPTU) — capital_raise/private_placement [announced]
Source: SEC API (secapi.ai) · situation sit_86b99da6241fbbfef8ad · retrieved 2026-08-12T06:58:00.978Z

## Overview
Optimum Communications, Inc. is one of the largest broadband communications and video services providers in the United States, delivering broadband, video, mobile, proprietary content and advertising services to approximately 4.2 million residential and business customers across 21 states through its Optimum brand.

In July 2026, CSC II (an indirect wholly owned subsidiary of Optimum Communications, Inc.) completed a cash tender offer to purchase Class A common stock from unaffiliated stockholders at $2.50 per share. CSC II accepted for purchase 120 million shares for an aggregate purchase price of $300 million, excluding fees and expenses. The purchased shares were not canceled. This tender offer was funded in part by proceeds from a concurrent private placement of Series A Preferred Units to institutional accredited investors for $300 million, completed on May 29, 2026.

## Terms
- Counterparty: Unaffiliated stockholders of Optimum Communications, Inc. · Deal value: $300.0M · Consideration: cash · Price/share: $2.5

## Key dates
- Announced 2026-08-06

## Timeline
- 2026-08-06 · 8-K (0001702780-26-000042): 8-K - Optimum Communications, Inc. — *Optimum Communications, Inc. is one of the largest broadband communications and video services providers in the United States, delivering broadband, video, mobile, proprietary content and advertising services to approximately 4.2 million residential and business customers across 21 states through its Optimum brand.* In July 2026, CSC II (an indirect wholly owned subsidiary of Optimum Communications, Inc.) completed a cash tender offer to purchase Class A common stock from unaffiliated stockholders at $2.50 per share. CSC II accepted for purchase 120 million shares for an aggregate purchase price of $300 million, excluding fees and expenses. The purchased shares were not canceled. This tender offer was funded in part by proceeds from a concurrent private placement of Series A Preferred Units to institutional accredited investors for $300 million, completed on May 29, 2026.
  https://www.sec.gov/Archives/edgar/data/1702780/0001702780-26-000042.txt

## Citations
- 0001702780-26-000042 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000170278026000042