Long Term Debt (Tables)

6 Months Ended

Jun. 30, 2026

Schedule of standby fees based on total funded debt to EBITDA ratio

Borrowings under the 2023 Credit Facility will accrue interest and standby fees based on the Company's Total Funded Debt to Adjusted EBITDA ratio and the availment type as follows:


	If Total Funded Debt to EBITDA is:
Availment type or fee	Less than 2.00		Greater than or equal to 2.00 and less than 2.75		Greater than or equal to 2.75 and less than 3.50		Greater than or equal to 3.50 and less than 3.75
Canadian dollar borrowings based on the Canadian overnight repo rate average or U.S. dollar borrowings based on SOFR and letter of credit fees (Margin)	1.50	%	2.00	%	2.50	%	3.00	%
Canadian borrowings based on Prime Rate or Canadian or U.S. dollar borrowings based on Base Rate (Margin)	0.25	%	0.75	%	1.25	%	1.75	%
Standby fees	0.30	%	0.40	%	0.50	%	0.60	%

Schedule of debt

The following table summarizes the Tucows businesses excluding Ting's borrowings under the credit facilities (Dollar amounts in thousands of U.S. dollars):


	June 30, 2026		December 31, 2025

Principal	$	190,400	$	190,400
Less: unamortized debt discount and issuance costs	(622)		(869)
Syndicated Revolver, long-term portion	$	189,778	$	189,531

The following table summarizes Ting's borrowings under the 2023 and 2024 Term Notes (Dollar amounts in thousands of U.S. dollars):


	June 30, 2026		December 31, 2025

Principal	$	301,505	$	301,505
Less: unamortized issuance costs	(3,713)		(4,589)
Less: unamortized discount	(4,155)		(5,270)
Note payable, long-term portion(1)	$	293,637	$	291,646

(1)During each of the three and six months ended June 30, 2026, the Company capitalized less than $0.1 million of interest expenses pertaining to the 2023 and 2024 Term Notes directly attributable to the development of certain AUC assets, respectively. Comparatively, for each of the three and six months ended June 30, 2025, the Company capitalized $0.1 million of interest expenses pertaining to the 2023 Term Notes and 2024 Term Notes directly attributable to the development of certain AUC assets.