Latham Advises Cogent in Cross-Border IPv4 Address Securitization
Cogent Communications Holdings, Inc. (NASDAQ:CCOI) (Cogent), a leading internet service provider with operations in 53 countries across North America, Europe, Asia, South America, Oceania, and Africa, has announced the inaugural issuance of US$206 million of Secured IPv4 Address Revenue Term Notes through a Rule 144A/Regulation S offering, with Morgan Stanley and Deutsche Bank acting as initial purchasers of the notes. The notes were issued by Cogent IPv4 LLC, a special-purpose entity and wholly owned subsidiary of Cogent.
Latham & Watkins LLP advises Cogent on the securitization with a cross-border transactional team led by New York partner Loren Finegold, with associate Maeve Chandler. Advice was also provided on matters of English law by London partner Sanjev Warna-kala-suriya, with associate Kamal Dalal; on matters of Hong Kong law by Hong Kong partner Michael Hardy, with associate Karen Wong; on matters of French law by Paris partners Etienne Gentil and Thomas Vogel, with counsel Aurélie Buchinet and associates Jaime Hall and Bruna Neiva Cardante; on matters of German law by Frankfurt partner Frank Bierwirth; on matters of Singapore law in connection with the securitization by Singapore partners Timothy Hia and Farhana Sharmeen; on general corporate matters by Washington, D.C. partners Patrick Shannon and Christopher Clark, with associates Gabrielle Blum, Lis Ryan, and Marifiel Gonzalez; and on tax matters in connection with the securitization by New York tax partner Elena Romanova. Latham has acted as legal counsel to Cogent since 1999.