{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-23-012777","form_type":"8-K","ticker":"TCX","cik":"0000909494","company_name":"TUCOWS INC /PA/","filed_at":"2023-05-05T23:59:59+00:00","discovered_at":"2026-05-14T18:03:42.751073+00:00","generated_at":"2026-06-15T19:01:38.580693+00:00","sec_items":["1.01","7.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Tucows' Ting subsidiary closes $239M asset-backed securitization for fiber network expansion","bullets":["Issued $239M in secured notes: $168.4M Class A-2 (5.95%), $23.3M Class B (7.40%), $46.9M Class C (9.95%).","Weighted average coupon 6.9%; effective yield 8.2% after original issue discount.","Proceeds fund fiber network expansion, redeem $31.0M Series A Preferred Units, and general corporate purposes.","Contributed Markets include 96,000 serviceable addresses and 35,000 customers across six U.S. states.","Securitization structured as master trust; allows future additions subject to customary conditions."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-23-012777","json":"https://secwatch.observer/filing/0001437749-23-012777.json","markdown":"https://secwatch.observer/filing/0001437749-23-012777.md","text":"https://secwatch.observer/filing/0001437749-23-012777.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/909494/000143774923012777/0001437749-23-012777-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/909494/000143774923012777/tcx20230428_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T19:01:38.580693+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"25015b45174ea9b4a6c2436fbd26859320eece48","claim":"TUCOWS INC /PA/ entered into Base Indenture with Citibank, N.A. (effective 2023-05-04).","evidence_excerpt":"On May 4, 2023 (the \" Closing Date \" ) , Tucows Inc. (the \"Company,\" \"we,\" \"our,\" or \"us\") through certain of its indirect and wholly owned subsidiaries, including Ting Fiber, LLC, entered into a definitive agreement relating to a securitized financing facility related to a privately placed securitization transaction.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/909494/000143774923012777/0001437749-23-012777-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"Citibank, N.A."},{"label":"Effective","value":"2023-05-04"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}