secwatch.observer — SEC 8-K summary
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Issuer:     COGENT COMMUNICATIONS HOLDINGS, INC. (CCOI)
CIK:        0001158324
Form:       8-K
Filed at:   2024-06-06T23:59:59+00:00
Accession:  0001104659-24-069113
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 7.01
LLM model:  deepseek-v4-flash:cloud@v2

Cogent prices $300M of 7.000% senior notes due 2027 at 98.50% of face value
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- Offering of $300M aggregate principal amount of 7.000% senior notes due 2027 priced at 98.50% of face value.
- Notes are a separate series from existing 7.00% senior notes due 2027; guaranteed by Cogent and material domestic subs.
- Expected to close June 11, 2024; proceeds used to prepay ~$125M right-of-use agreement at 12% discount and for general corporate purposes.
- Net proceeds from prepayment option cover 33 remaining monthly payments of $4.2M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1158324/000110465924069113/0001104659-24-069113-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1158324/000110465924069113/tm2416287d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-069113

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