debt
confidence high
sentiment neutral
materiality 0.55
Cogent prices $174.4M IPv4 address securitization notes at 6.646%, 5-year term
COGENT COMMUNICATIONS HOLDINGS, INC.
- Priced $174.4M secured IPv4 address revenue term notes, Series 2025-1, at 6.646% coupon.
- Anticipated repayment term of five years; notes secured by IPv4 addresses, customer leases, and receivables.
- Issued by a special-purpose, bankruptcy-remote indirect wholly owned subsidiary.
- Net proceeds to be used for general corporate purposes; expected close on or around April 11, 2025.
- Offered to QIBs and accredited investors under Rule 144A/Regulation S; not registered under Securities Act.