Tucows Inc. entered into a securitized financing facility and issued $168,357,000 of its 5.95% Secured Fiber Revenue Notes, Series 2023-1, Class A-2, $23,289,000 of its 7.40% Secured Fiber Revenue Notes, Series 2023-1, Class B, and $46,859,000 initial principal amount of 9.95% Secured Fiber Revenue Notes, Series 2023-1, Class C.