Cogent subsidiaries plan $600M senior secured notes offering; proceeds to redeem $500M 3.5% notes due 2026

COGENT COMMUNICATIONS HOLDINGS, INC.

Issuers intend to offer $600M aggregate principal of senior secured notes due 2032 in private placement.
Net proceeds to redeem full $500M outstanding 3.500% senior secured notes due 2026; remainder for general corporate purposes or dividends.
For 12 months ended Mar 31, 2025: Consolidated Cash Flow $310.3M (existing indentures) and $452.0M (new indenture); EBITDA adjusted $423.0M.
Pro forma leverage ratios: 6.18x under existing indentures, 4.24x under new indenture as of Mar 31, 2025.
Notes guaranteed on senior secured basis by material domestic subs; company provides senior unsecured guarantee but not subject to covenants.

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