Cogent subsidiary issues $174.4M of 6.646% IPv4 address revenue notes due 2030

COGENT COMMUNICATIONS HOLDINGS, INC.

Issued $174.4M aggregate principal of Series 2025-1 Class A-2 secured notes bearing 6.646% interest with anticipated repayment in April 2030.
Notes are secured by IPv4 address assets and guaranteed by Cogent IPv4 Holdco LLC; parent Cogent Communications is not directly liable.
Base indenture amendments raise leverage ratio cap to 7.25x from 6.10x, allowing additional issuances and asset substitutions.
Interest payable monthly; principal due after ARD unless rapid amortization triggers are activated.
Legal final maturity in April 2055; additional interest of 5% plus spread applies if notes not repaid by April 2030.

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