Your email has been successfully added to our mailing list.

×
0 0 0 0 0 0 0 0
Stock impact report

Cogent Communications Details $750M Secured Refi Plan, Data Center Sale Talks at JPM Credit Conference [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
liabilities, splitting and selling North America/Western Europe leases (about $569M) to its Infrastructure unit, then a 10-year leaseback treated as an operating lease—to enable replacing $750M of unsecured debt with secured debt and produce a pro forma 3.91x secured leverage Capital controls and optional asset sale: The company cut its dividend by 98% to $0.02/share and paused material buybacks until net leverage reaches 4x, and it will voluntarily commit proceeds from a non-binding LOI to sell 10 data centers (buyer interest reportedly $144M) to bolster Group credit, though the sale is not required for the refinancing. Wavelength (Waves) growth target: Cogent still targets a $500M Waves run-rate by mid-2028 despite Waves generating ~$40M last year, citing a expanded footprint (1,096 targeted data centers, 518 delivered sites), 100% YoY Waves growth last year, and a North American TAM of about $2B. Interested in Cogent Communications Holdings, Inc.? Here are five stocks we like Show less Read more
Impact Snapshot
Event Time:
CCOI
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
Last price at news event
Since Event
Multi-day stock performance from the time of the news release
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST
PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
Last Price
VWAP
High:
Max Up
High:
Low:
Max Down
Low:
%
Post news range
%
Price change

Price Change Percentage


S&P 500
(SPX)

%

Volume ratio
%

Volume
Ticks

Avg transaction size

Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Opt-in for CCOI alerts
Opt-in for
CCOI alerts

from News Quantified
Opt-in for
CCOI alerts

from News Quantified