
Cogent Communications Holdings, Inc. (NASDAQ:CCOI) (Cogent), one of the largest internet service providers in the world, has announced that its wholly owned subsidiaries, Cogent Communications Group, LLC and Cogent Finance, Inc. (the Issuers), completed an offering of US$600.0 million aggregate principal amount of 6.500% senior secured notes due 2032 (the Notes). The Notes were offered and sold in a private offering pursuant to one or more available exemptions from the registration requirements of the US Securities Act of 1933, as amended. The net proceeds of the offering were used in part to refinance the Issuer’s existing senior secured notes, with the remainder expected to be used by the Issuers for general corporate purposes and/or to make special or recurring dividends to Cogent.
Latham & Watkins LLP represented Cogent in the offering with a Capital Markets team led by Washington, D.C. partners Patrick Shannon and Christopher Clark and counsel Jessica Lennon, with associates Gabrielle Blum, Emily Marshall, and Molly Mitchell. Advice was also provided on finance matters by Washington, D.C. partner Melissa Fabian, with associates Jake Goodman and Catherine Cook and assistance from Katie Prezioso; and on tax matters by New York partner Elena Romanova, with assistance from Claire Park.
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