Cogent launches notes offering

Washington , june 5, 2024 /prnewswire/ -- cogent communications holdings, inc. (nasdaq: ccoi) (the "company" or "cogent") today announced that two of its wholly owned subsidiaries, cogent communications group, llc (f/k/a cogent communications group, inc.) ("cogent group") and cogent finance, inc. (the "co-issuer" and, together with cogent group, the "issuers"), intend to commence an offering of $300.0 million aggregate principal amount of 7.000% senior notes due 2027 (the "notes") to be offered and sold only to persons reasonably believed to be "qualified institutional buyers" in an unregistered offering pursuant to rule 144a under the securities act of 1933, as amended (the "securities act"), and to certain non-u.s. persons in transactions outside the united states in compliance with regulation s under the securities act. the notes are expected to be guaranteed on a senior unsecured basis by cogent group's existing and future material domestic subsidiaries (other than the co-issuer), subject to certain exceptions.
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