Tucows resolves $150M Ting Fiber preferred unit liability for $3M+$5M; extends credit facility to 2029

TUCOWS INC /PA/

Resolved $150M Series A Preferred Units of Ting Fiber for $3M purchase and $5M loan; prior breach and trigger event withdrawn.
Amended credit agreement extends maturity from Sep 2027 to Jul 2029; key covenants unchanged (max 3.75x leverage, min 3.0x interest coverage).
Acquired data centre asset from Ting Fiber for $6M; facility used by Tucows Domains and Wavelo.
One syndicate member with $27.5M commitment not yet extended; discussions underway to replace.

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