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New Issue-Cogent Communications sells $175 mln in notes
January 11, 2011 / 10:59 PM / 7 years ago

New Issue-Cogent Communications sells $175 mln in notes

  Jan 11 (Reuters) - 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 Reuters service.
  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                                    

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