An anonymous director reports
ROGERS COMMUNICATIONS INC. ANNOUNCES PRICING OF PUBLIC OFFERING OF US$750 MILLION FIXED-TO-FIXED RATE SUBORDINATED NOTES AND CANADIAN PRIVATE PLACEMENT OF CDN$1.25 BILLION FIXED-TO-FIXED RATE SUBORDINATED NOTES
Rogers Communications Inc. has priced:
- A U.S. public offering of $750-million (U.S.) of 6.875 per cent fixed-to-fixed-rate subordinated notes due 2056; and
- A Canadian private placement of $1.25-billion of 6.250 per cent fixed-to-fixed-rate subordinated notes due 2056.
The net proceeds from the issuance of the U.S. notes and the issuance of the Canadian notes will be approximately $740-million (U.S.) and $1.24-billion, respectively. Rogers Communications expects to use the net proceeds from both offerings to repay certain outstanding indebtedness of Rogers Communications. The offering of the U.S. notes and the offering of the Canadian notes are each expected to close on March 27, 2026.
The U.S. notes will be issued pursuant to a prospectus supplement and accompanying prospectus filed with the U.S. Securities and Exchange Commission as part of an effective shelf registration statement on Form F-10. These documents are available at no charge by visiting EDGAR on the SEC website. A copy of the prospectus and prospectus supplement relating to the offering of the U.S. notes may also be obtained from Rogers Communications by contacting investor relations. The U.S. notes are not being offered in Canada or to any resident of Canada.
About Rogers Communications Inc.
Rogers is Canada's communications, sports and entertainment company, and its shares are publicly traded on the Toronto Stock Exchange and on the New York Stock Exchange.
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