COGENT COMMUNICATIONS HOLDINGS, INC. (CCOI): debt financing — 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.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

COGENT COMMUNICATIONS HOLDINGS, INC. incurred senior notes of $174,400,000 aggregate principal amount with Wilmington Trust, National Association at 6.646% maturing anticipated term ending in April 2030.

Instrument: senior notes
Principal: $174,400,000 aggregate principal amount
Counterparty: Wilmington Trust, National Association
Rate: 6.646%
Maturity: anticipated term ending in April 2030
Event: incurrence

Exact text from the filing

On April 11, 2025 (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 $174,400,000 aggregate principal amount of 6.646% secured IPv4 address revenue notes, Series 2025-1 Class A-2 (collectively, the “Notes”), with an anticipated term ending in April 2030

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Source: SEC EDGAR

accession 0001104659-25-034257

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