secwatch.observer — SEC 8-K summary
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Issuer:     TUCOWS INC /PA/ (TCX)
CIK:        0000909494
Form:       8-K
Filed at:   2024-08-23T23:59:59+00:00
Accession:  0001437749-24-027681
Event type: debt
Sentiment:  positive
Materiality: 0.70
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/909494/000143774924027681/0001437749-24-027681-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/909494/000143774924027681/tcx20240815_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-027681

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