Cogent Comms ( (CCOI) ) has shared an announcement.
On April 4, 2025, Cogent Communications Holdings, Inc. announced that a special-purpose, bankruptcy remote, indirect wholly owned subsidiary priced $174.4 million of secured Internet Protocol version 4 (IPv4) address revenue term notes, with an anticipated repayment term of five years. The notes are secured by Cogent’s IPv4 addresses and customer accounts, and the proceeds will be used for general corporate purposes. The transaction is expected to close around April 11, 2025, subject to closing conditions, and is offered to qualified institutional buyers and certain accredited investors in compliance with U.S. securities regulations.
More about Cogent Comms
Cogent Communications Holdings, Inc. is a facilities-based provider specializing in low-cost, high-speed Internet access and private network services for bandwidth-intensive businesses. The company operates an all-optical IP network that serves 264 markets globally.
YTD Price Performance: -20.91%
Average Trading Volume: 392,684
Technical Sentiment Signal: Buy
Current Market Cap: $2.96B
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