Cogent Communications Prices $174M IP Address Notes

By Bobby Samwell • Saturday, April 05 09:56 • Permanent Link

Cogent Communications Holdings, Inc. (NASDAQ: CCOI) has announced the pricing of $174,400,000 aggregate principal amount of secured internet protocol version 4 ("IPv4") address revenue term notes, 6.646% series 2025-1. The notes will have an anticipated repayment term of five years and will be secured by certain of Cogent's IPv4 addresses, customer IPv4 address leases, and customer accounts receivables.

The company intends to use the net proceeds of the offering for general corporate purposes. This transaction is expected to close on or around April 11, 2025, subject to satisfaction of various closing conditions.

Cogent Communications is a facilities-based provider of low-cost, high-speed internet access and private network services to bandwidth-intensive businesses, operating in 264 markets globally.

For further information, the company can be reached at (202) 295-4200 or via email at [email protected]. Following these announcements, the company's shares moved -5.3%, and are now trading at a price of $56.92. If you want to know more, read the company's complete 8-K report here.

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