Jan 11 Cogent Communications Group Inc
(CCOI.O) on Tuesday sold $175 million of senior secured notes
in the 144a private placement market, said IFR, a Thomson
The size of the deal was increased from an originally
planned $150 million.
Bank of America Merrill Lynch, Citi and Deutsche Bank were
the joint bookrunning managers for the sale.
BORROWER: COGENT COMMUNICATIONS GROUP INC
AMT $175 MLN COUPON 8.375 PCT MATURITY 2/15/2018
TYPE SR NTS ISS PRICE 100 FIRST PAY 8/15/2011
MOODY'S B2 YIELD 8.375 PCT SETTLEMENT 1/26/2011
S&P B-MINUS SPREAD 569 BPS PAY FREQ SEMI-ANNUAL
FITCH N/A MORE THAN TREAS NON-CALLABLE 4 YRS*
*MAKE-WHOLE CALL 50 BPS