Cogent Communications Holdings, Inc.

Good morning and welcome to the Cogent Communications Holdings first quarter 2026 earnings conference call. As a reminder, this conference is being recorded and it will be available for replay at www.cogentco.com. A transcript of this conference call will be posted on Cogent's website when it becomes available. Cogent's summary of financial and operational results attached to its press release can be downloaded from the Cogent website. I would now like to turn the call over to Mr. Dave Schaefer, Chairman and Chief Executive Officer of Cogent Communications Holdings.

Thank you and good morning to all. Welcome to our first quarter 2026 earnings call. I'm Dave Schaefer, Cogent's CEO. Joining with me on today's call is Tad Weed, our Chief Financial Officer. A few key events and other significant matters in the quarter. I want to recognize some of the key achievements that we have made in the quarter. We have stated in previous calls we intend to monetize 24 of our Sprint data centers that we acquired either via outright sale or leasing the acquired space on a wholesale basis. We have entered into a non-binding LOI for the sale of 10 of these data centers. The counterparty has essentially completed its due diligence. Based on the status of this transaction, we expect closing to be early this summer. We continue to have multiple parties interested in other former Sprint data centers. Now, while we are working on refinancing our 2027 $750 million unsecured notes, which become due in June of 2027. At this time, we can make the following statement regarding the refinancing of our 2027 notes, and I'm going to ask Tad to read this statement.

Thank you, Dave, and good morning to everyone. The statement is as follows. The company and a limited number of holders of our 2032 600 million secured notes who collectively hold more than a majority of the outstanding principal amount of our 2032 notes, I've reached a verbal agreement on a consent to amend the indenture for 2032 notes, and that process is underway. If and once finally documented, the amendment will increase our ability under the indenture to incur peri passu or junior lien secured debt and includes several credit enhancements for our 2032 notes. If and when the consent to the amendment is final, we will file an 8K announcing the same and forego our previously announced secure debt realignment plan. Please note that this discussion does not constitute an offer to sell or a solicitation of an offer to buy any security, nor is it a solicitation of consent from any holders of our 2032 notes. Back to you, Dave.