Cogent Communications Holdings Inc. announced the pricing of $600 million aggregate principal amount of 6.500% senior secured notes due 2032. This pricing follows the company's previously stated intent to commence an offering of these notes.
The offering is being conducted by Cogent Communications Group, LLC and Cogent Finance, Inc., wholly owned subsidiaries of Cogent Communications Holdings Inc. The notes will be sold to qualified institutional buyers and certain non-U.S. persons.
The proceeds from this issuance are intended to finance the redemption of $500.0 million of the Issuers' outstanding 3.500% senior secured notes due 2026. Any remaining net proceeds will be used for general corporate purposes or for special or recurring dividends to the Company.
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