Cogent Communications announces partial redemption of 5 3/8% notes due 2022

By Rebecca Melvin

Concord, N.H., April 6 – Cogent Communications Group Inc. issued a notice of conditional partial redemption of its 5 3/8% senior secured notes due 2022, according to an 8-K filing with the Securities and Exchange Commission.

It plans to redeem $45 million of the principal amount of the notes outstanding at par plus a make-whole amount of $41.41533 per $1,000 of notes and accrued interest on May 6.

Accrued and unpaid interest will be $9.70486 per $1,000 of notes.

Following the redemption, $284.08 million in aggregate principal amount of the notes will remain outstanding.

Cogent Communications Group is a wholly owned subsidiary of Cogent Communications Holdings Inc. The company is an internet services provider based in Washington, D.C.

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