--- schema_version: "secwatch.filing_event.v1" accession: "0001104659-24-057099" form_type: "8-K" ticker: "CCOI" cik: "0001158324" company_name: "COGENT COMMUNICATIONS HOLDINGS, INC." filed_at: "2024-05-06T23:59:59+00:00" generated_at: "2026-06-02T21:46:12.606691+00:00" event_type: "debt" sentiment: "neutral" materiality_score: 0.6 calibrated_materiality_score: 0.6 confidence: "high" source: SEC EDGAR --- # Cogent Communications closes $206M securitization of IPv4 address revenue notes at 7.924% ## Summary - Issued $206M aggregate principal of 7.924% secured IPv4 address revenue notes, Series 2024-1 Class A-2, maturing May 2029 (ARD) with legal final May 2054. - Notes are secured by IPv4 address assets (IP addresses, leases, receivables) and guaranteed by Cogent IPv4 Holdco LLC via equity pledge. - Scheduled interest payments monthly; no principal due before ARD unless rapid amortization or acceleration triggers activated. - Covenants include liquidity reserve account, debt service coverage ratio test, and utilization thresholds; failure triggers rapid amortization or asset sale. - Separately, Cogent Group added Sprint Solutions Wireline as guarantor and Cogent Finance as co-obligor on existing $500M 3.5% notes due 2026 and $450M 7% notes due 2027. ## SEC filing metadata - accession: 0001104659-24-057099 - form_type: 8-K - ticker: CCOI - cik: 0001158324 - company_name: COGENT COMMUNICATIONS HOLDINGS, INC. - filed_at: 2024-05-06T23:59:59+00:00 - event_type: debt - sentiment: neutral - materiality_score: 0.6 - calibrated_materiality_score: 0.6 - confidence: high - sec_items: 1.01, 2.03, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1158324/000110465924057099/0001104659-24-057099-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1158324/000110465924057099/tm2413490d1_8k.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001104659-24-057099 - JSON: https://secwatch.observer/filing/0001104659-24-057099.json - Plain text: https://secwatch.observer/filing/0001104659-24-057099.txt ## Key facts - Debt Financings COGENT COMMUNICATIONS HOLDINGS, INC. incurred senior notes of $206,000,000 aggregate principal amount with Wilmington Trust, National Association at 7.924% maturing May 2029. - Instrument: senior notes - Principal: $206,000,000 aggregate principal amount - Counterparty: Wilmington Trust, National Association - Rate: 7.924% - Maturity: May 2029 - Event: incurrence source text: On May 2, 2024 (the “Closing Date”), Cogent IPv4 LLC (the “Issuer”), a special-purpose, bankruptcy remote, indirect wholly owned subsidiary of Cogent Communications Holdings, Inc. (the “Company”), completed the previously announced financing transaction by issuing $206,000,000 aggregate principal amount of 7.924% secured IPv4 address revenue notes, Series 2024-1 Class A-2 (collectively, the “Notes”), with an anticipated term ending in May 2029 (such anticipated repayment date, the “ARD”) evidence_url: https://www.sec.gov/Archives/edgar/data/1158324/000110465924057099/0001104659-24-057099-index.htm - Material Agreements COGENT COMMUNICATIONS HOLDINGS, INC. entered into Series 2024-1 Supplement with Wilmington Trust, National Association valued at $206,000,000 aggregate principal amount of 7.924% secured IPv4 address revenue notes, Series 2024-1 (effective 2024-05-02). - Action: entry - Agreement: notes offering - Counterparty: Wilmington Trust, National Association - Value: $206,000,000 aggregate principal amount of 7.924% secured IPv4 address revenue notes, Series 2024-1 - Effective: 2024-05-02 source text: The Notes were issued pursuant to an indenture, dated as of the Closing Date (the "Base Indenture"), as supplemented by the Series 2024-1 Supplement thereto, dated as of the Closing Date (the "Series 2024-1 Supplement") evidence_url: https://www.sec.gov/Archives/edgar/data/1158324/000110465924057099/0001104659-24-057099-index.htm - Material Agreements COGENT COMMUNICATIONS HOLDINGS, INC. entered into New Guarantor Supplemental Indentures with Sprint Solutions Wireline LLC (effective 2024-05-02). - Action: entry - Agreement: notes offering - Counterparty: Sprint Solutions Wireline LLC - Effective: 2024-05-02 source text: On the Closing Date, Cogent Group entered into a first supplemental indenture to each of the indentures governing the Existing Notes to add Sprint Solutions Wireline LLC as a guarantor of the Existing Notes (collectively, the "New Guarantor Supplemental Indentures") evidence_url: https://www.sec.gov/Archives/edgar/data/1158324/000110465924057099/0001104659-24-057099-index.htm - Material Agreements COGENT COMMUNICATIONS HOLDINGS, INC. entered into Guaranty with Cogent IPv4 Holdco LLC (effective 2024-05-02). - Action: entry - Counterparty: Cogent IPv4 Holdco LLC - Effective: 2024-05-02 source text: The Notes are guaranteed by Cogent IPv4 Holdco LLC, a special-purpose entity and an indirect wholly owned subsidiary of the Company, as the Guarantor (the "Guarantor"), pursuant to a guaranty, dated as of the Closing Date (the "Guaranty") evidence_url: https://www.sec.gov/Archives/edgar/data/1158324/000110465924057099/0001104659-24-057099-index.htm - Material Agreements COGENT COMMUNICATIONS HOLDINGS, INC. entered into Base Indenture with Wilmington Trust, National Association valued at $206,000,000 aggregate principal amount of 7.924% secured IPv4 address revenue notes, Series 2024-1 (effective 2024-05-02). - Action: entry - Agreement: notes offering - Counterparty: Wilmington Trust, National Association - Value: $206,000,000 aggregate principal amount of 7.924% secured IPv4 address revenue notes, Series 2024-1 - Effective: 2024-05-02 source text: The Notes were issued pursuant to an indenture, dated as of the Closing Date (the "Base Indenture"), as supplemented by the Series 2024-1 Supplement thereto, dated as of the Closing Date evidence_url: https://www.sec.gov/Archives/edgar/data/1158324/000110465924057099/0001104659-24-057099-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.