Ah here it is..
http://www.carrierhotels.com/news/Ap...gent0401.shtml
April 1, 2003 -- Cogent Communications said yesterday that it is in breach of loan covenants and may be forced to file for bankruptcy if it is unable to renegotiate its agreement with lender Cisco Systems Capital.
Cogent revealed the default in a filing with the SEC. The company said its revenues for the fourth quarter of 2002 had fallen short of minimums required by its credit facility with Cisco.... (more at link above)
Hmm maybe that wasn't it.
Because here is the follow up article to that... in June 2003
http://www.carrierhotels.com/news/June2003/cogent.shtml
June 20, 2003 -- Cogent Communications Group, Inc. has reached an agreement to restructure its debt and raise $41 million from investors that will fund its operations, the company said today.
In April the Washington DC provider said it was in breach of loan covenants and might be forced to file for bankruptcy if it was unable to renegotiate its agreement with lender Cisco Systems Capital. (more)