Tucows closes $63M Ting fiber securitization at 5.9% weighted avg coupon

TUCOWS INC /PA/

Issued $55M Class A-2 (5.63%), $8M Class B (6.85%) notes; $16M Class C retained.
Weighted avg coupon 5.9%, 150 bps lower than 2023-1 issuance; legal maturity Aug 2054.
Net proceeds to fund fiber network expansion, fees, and general corporate purposes.
Ting added 29,000 serviceable addresses and 9,500 customers since May 2023.
Cumulative ABS notes outstanding 8.1x annualized run-rate collections net of mgmt fees.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.