Cogent Communications Group, Inc. Sells $69 Million of Stock in Public Offering
15 6월 2005 - 8:43AM
PR Newswire (US)
Cogent Communications Group, Inc. Sells $69 Million of Stock in
Public Offering Underwriters Purchase Additional 1.5 Million Shares
WASHINGTON, June 14 /PRNewswire-FirstCall/ -- Cogent Communications
Group, Inc. (AMEX:COI) today announced that the underwriters of its
public offering of 10,000,000 shares of common stock had exercised
their option to purchase an additional 1,500,000 shares of stock.
The stock was sold to the public at $6.00 per share on June 7,
2005. The stock was sold for $69 million. Cogent will receive net
proceeds from the offering of approximately $65 million. The
closing price of Cogent's common stock on June 14, 2005 was $7.04
per share. (Logo:
http://www.newscom.com/cgi-bin/prnh/20020204/DCM032LOGO ) The net
proceeds will be used to repay $27 million of Cogent's debt, fund
the expansion of its sales and marketing efforts, to connect
additional buildings to its network, primarily in Europe, and for
general corporate purposes. About Cogent Communications Group, Inc.
Cogent Communications (AMEX:COI) is a multinational, Tier 1
facilities- based ISP that specializes in providing businesses with
high speed Internet access and point-to-point transport services.
Cogent's facilities-based, all- optical IP network backbone spans
over 11 countries and provides IP services in markets located in
North America and Europe. Since Cogent's inception, Cogent has
exploited the benefits that IP technology provides, building a
network that enables Cogent to offer large, dedicated bandwidth
connections at highly competitive prices. Network ownership also
enables Cogent to offer superior customer support through the
ability to control service delivery and network monitoring
end-to-end. Cogent Communications is headquartered at 1015 31st
Street, NW, Washington, D.C. 20007. Information in this release may
involve expectations, beliefs, plans, intentions or strategies
regarding the future. These forward-looking statements involve
risks and uncertainties. All forward-looking statements included in
this release are based upon information available to Cogent
Communications Group, Inc. as of the date of the release, and we
assume no obligation to update any such forward-looking statement.
The statements in this release are not guarantees of future
performance and actual results could differ materially from our
current expectations. Numerous factors could cause or contribute to
such differences. Some of the factors and risks associated with our
business are discussed in Cogent's registration statements filed
with the Securities and Exchange Commission and in its other
reports filed from time to time with the SEC. CONTACT: For Investor
Relations: +1-202-295-4212, or .
http://www.newscom.com/cgi-bin/prnh/20020204/DCM032LOGO
http://photoarchive.ap.org/ DATASOURCE: Cogent Communications
Group, Inc. CONTACT: For Public Relations: Jeff Henriksen,
+1-202-550-5493, , or for Investor Relations: +1-202-295-4212, or ,
both of Cogent Communications Group, Inc. Web site:
http://www.cogentco.com/
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