Financing ·
On June 15, 2026, Cogent Communications Holdings, Inc. entered into a First Supplemental Indenture to amend the terms…
CCOICogent Communications Holdings, Inc.
On June 15, 2026, Cogent Communications Holdings, Inc. entered into a First Supplemental Indenture to amend the terms of its 6.500% Senior Secured Notes due 2032. Key amendments include increasing the secured leverage ratio for the "ratio liens" basket from 4.00:1.00 to 4.75:1.00 and requiring that proceeds from certain data center sales be used to repurchase or retire existing indebtedness at a discount, with at least 50% dedicated to the 2032 Notes. The agreement also prohibits using these proceeds to increase restricted payment capacity and restricts the distribution or transfer of indefeasible rights of use (IRUs). The company operates in the telecommunications industry, providing internet connectivity and data services.