Rogers Communications Inc. Announces Pricing of Canadian Private Placement of $3 Billion of Senior Notes
07 Septiembre 2023 - 6:45PM
Rogers Communications Inc. (“RCI”) announced today that it has
priced a Canadian private placement of four series of Canadian
dollar denominated senior notes with an aggregate principal amount
of $3 billion, consisting of $500 million of 5.65% senior notes due
2026, $1 billion of 5.7% senior notes due 2028, $500 million of
5.8% senior notes due 2030 and $1 billion of 5.9% senior notes due
2033 (collectively, the “Notes”). The net proceeds from the
issuance of the Notes will be approximately $2.97 billion. RCI
expects to use the net proceeds from this offering for general
corporate purposes, which may include the repayment of short-term
debt and other borrowings. The offering of the Notes is expected to
close on September 21, 2023.
The Notes were offered, through a syndicate of agents on a
private placement basis, exclusively to persons resident in a
Canadian province. The Notes were not offered to investors outside
of Canada. This news release does not constitute an offer to sell
or the solicitation of an offer to buy any securities.
About Rogers Communications Inc.
Rogers is Canada’s leading wireless, cable and media company
that provides connectivity and entertainment to Canadian consumers
and businesses across the country. Rogers shares are publicly
traded on the Toronto Stock Exchange (TSX: RCI.A and RCI.B) and on
the New York Stock Exchange (NYSE: RCI).
Caution Concerning Forward-Looking
Statements
This press release includes “forward‐looking information” and
“forward-looking statements” within the meaning of applicable
securities laws (collectively, “forward-looking information”). We
caution that forward‐looking information is inherently subject to
change and uncertainty and that actual results may differ
materially from those expressed or implied by the forward‐looking
information. A comprehensive discussion of risks associated with
forward-looking information can be found in Rogers’ public reports
and filings, including the risks outlined in the section entitled
“Risks and Uncertainties Affecting our Business” in our
management’s discussion and analysis of our audited consolidated
financial statements as at and for the year ended December 31,
2022, and in the section entitled “Updates to Risks and
Uncertainties Affecting our Business” in our management’s
discussion and analysis of our unaudited interim condensed
consolidated financial statements as at and for the three and six
months ended June 30, 2023, which are available under our profile
at www.sedarplus.ca, and are also available at www.sec.gov.
For more information:
Rogers Communications media contactSarah
Schmidt647.643.6397media@rci.rogers.com
Rogers Communications investment community
contactPaul
Carpino647.435.6470paul.carpino@rci.rogers.com
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