DivestmentMay 26, 2026, 04:23 PM
Cogent Communications to Sell 10 Data Centers for $225M
AI Summary
Cogent Communications Holdings, Inc. announced that its indirect wholly-owned subsidiary, Cogent Fiber, LLC, entered into a definitive agreement to sell 10 data center facilities to an affiliate of I Squared Capital. The transaction is valued at $225 million in cash and includes associated personal property and customer contracts. The sale is expected to close on the later of June 12, 2026, or following Hart-Scott-Rodino Antitrust Improvements Act approval.
Key Highlights
- Cogent Fiber, LLC to sell 10 data center facilities.
- Aggregate purchase price is $225 million in cash.
- Buyer is an affiliate of I Squared Capital.
- Transaction includes certain personal property and customer contracts.
- Cogent Communications Holdings, Inc. guarantees certain seller obligations.
- Closing expected on later of June 12, 2026, or HSR Approval.
- Either party may terminate if not closed by November 18, 2026.
- Facilities located in Phoenix, Anaheim, Burbank, Stockton, Atlanta, Chicago, Elkridge, Kansas City, Nashville, and Houston.
Price Impact
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