[arin-ppml] Cogent using IPv4 as collateral for borrowing money

[Matt Erculiani]

Kind of sounds like the new investor(s) will basically just slide into the
first lien position for all of Cogent.

Without "Cogent’s IPv4 addresses, customer IPv4 address leases and customer
accounts receivables" I'm not sure what's left other than a whole lot of
opex and rapidly depreciating equipment.

Someone please correct me if my analysis is wrong here. IANA lawyer,
financial advisor, etc, etc.

-Matt

On Fri, May 3, 2024 at 6:32 PM Amin Dayekh <admin at megamore.ng> wrote:

> Interesting
>
> *Amin Dayekh*
> *CTO*
>
> *MegaMore Wireless Broadband*
>
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> On Sat, May 4, 2024 at 12:52 AM William Herrin <bill at herrin.us> wrote:
>
>>
>> https://circleid.com/posts/20240503-cogent-communications-secures-206-million-in-notes-backed-by-ipv4-addresses
>>
>> https://www.cogentco.com/en/about-cogent/press-releases/4443-cogent-announces-ipv4-address-securitization-offering
>>
>> https://www.sec.gov/Archives/edgar/data/2016324/000110465924048395/tm2410191d1_ex99-1.htm
>>
>> https://www.sec.gov/Archives/edgar/data/1158324/000110465924048968/tm2412216d1_8k.htm
>>
>> --
>> William Herrin
>> bill at herrin.us
>> https://bill.herrin.us/
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-- 
Matt Erculiani
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