Cogent Communications Holdings Inc. has announced the successful completion of a significant financial transaction involving the issuance of $600 million in senior secured notes. These notes, which carry an interest rate of 6.500% per annum, are set to mature on July 1, 2032. The proceeds from this offering have been strategically utilized to fully redeem the company's outstanding 3.500% Senior Secured Notes due 2026, totaling $500 million. This move not only addresses the company's existing debt obligations but also provides additional capital for general corporate purposes or potential dividends. Interest on the new notes began accruing on June 17, 2025, with payments scheduled semi-annually starting January 1, 2026.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Cogent Communications Holdings Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-25-060259), on June 17, 2025, and is solely responsible for the information contained therein.