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Stock impact report

Cogent Announces IPv4 Address Securitization Offering [Yahoo! Finance]

Cogent Communications Holdings, Inc. (CCOI) 
Last cogent communications holdings, inc. earnings: 2/27 07:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
that a special-purpose, bankruptcy remote, indirect wholly owned subsidiary of the Company has priced aggregate principal amount of secured Internet Protocol version 4 (" IPv4 ") address revenue term notes, Series 2024-1 (collectively, the " Notes "). The Notes will have an anticipated repayment term of five years. The Notes will be secured by certain of Cogent's IPv4 addresses, customer IPv4 address leases and customer accounts receivables. Cogent intends to use the net proceeds of the offering for general corporate purposes. Cogent expects the Notes transaction to close on or around May 2, 2024 , subject to satisfaction of various closing conditions. There can be no assurance regarding the timing of closing or that the issuance and sale of the Notes will be consummated. The Notes are being offered and sold in the United States only to persons reasonably believed to be "qualified institutional buyers" in reliance on Rule 144A under the U.S. Securities Act of 1933, as amended (t Show less Read more
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