US backbone operator Cogent Communications has signalled its intention to raise US$200m by offering senior unsecured notes.
Cogent plans to issue the seven-year bond through subsidiary Cogent Communications Finance in a private placement.
The…
US backbone operator Cogent Communications has signalled its intention to raise US$200m by offering senior unsecured notes.
Cogent plans to issue the seven-year bond through subsidiary Cogent Communications Finance in a private placement.
The Washington, DC-based telco did not disclose what it would use the proceeds of the offering for.
The offering will be Cogent’s first since its January 2011 US$175m private offering of 8.375% senior notes due in 2018.
It describes itself as one of the world’s largest ISPs, delivering high quality internet, ethernet and colocation services to over 40,100 enterprise and “net-centric” customers. Cogent owns and operates 44 data centres across North America and Europe.
