Tucows settles $150M preferred unit dispute for $3M, extends credit facility to 2029

Filed July 30, 2026 · Period ending July 27, 2026 · ~1 min read

Key Changes

• high

  Acquired all Series A Preferred Units in Ting Fiber for $3M plus $5M loan, resolving a dispute over units valued at ~$150M (including cumulative dividends); preferred member withdrew all default notices

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
• high

  Extended credit facility maturity from September 2027 to July 2029, maintaining 3.75x debt/EBITDA and 3.0x interest coverage covenants; one $27.5M lender did not participate and Tucows is seeking replacement

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
• medium

  Acquired data center asset from Ting Fiber for ~$6M, used primarily by Tucows Domains and Wavelo, removing it from Ting Fiber's strategic process outcomes

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →