Recent Updates — CCOI
Cogent Communications Holdings, Inc. completed the sale of 10 data center facilities, including personal property and customer contracts, through its subsidiary, Cogent Fiber, LLC, to an affiliate of I Squared Capital for an aggregate cash purchase price of $225 million on June 29, 2026. Cogent Communications Holdings, Inc. operates in the telecommunications industry and provides internet and data center services.
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.