Tucows Inc. (NASDAQ: TCX) (TSX: TC), announced today that its subsidiary, Ting Fiber, LLC (“Ting”), has closed an offering by certain of its subsidiaries for $239 million. The offering consists of Series 2023-1 Fixed Rate Senior Secured Notes, Class A-2, Class B and Class C, (collectively, the “Notes”), maturing April 2053. Ting will use the net proceeds from the Notes to fund the expansion of its fiber networks, create capacity to invest in continued growth, redeem a portion of the Series A Preferred Units, and other general corporate purposes, including paying the fees and expenses related to the issuance of the Notes.
