Rogers Communications Inc. Announces Pricing of Canadian Offering of $1.5 billion Debt Securities
Rogers Communication, Inc. (RCI)
Last rogers communication, inc. earnings: 4/22 07:00 am
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Source: GlobeNewswire
TORONTO, March 26, 2020 (GLOBE NEWSWIRE) -- Rogers Communications Inc. ("RCI") announced today that it has priced a Canadian offering of $1.5 billion aggregate principal amount of 3.65% senior notes due 2027 (the “Notes”). The net proceeds from the issuance of the Notes will be approximately $1.484 billion. RCI expects to use the net proceeds of this Canadian offering for general corporate purposes, which may include the repayment of maturing short-term debt or other borrowings. The sale of the Notes is expected to close on March 31, 2020. The Notes were offered on a best efforts basis in each of the provinces of Canada through a syndicate of agents. This Canadian offering was only made by prospectus. Rogers will be filing a prospectus supplement relating to the offering with the securities regulatory authorities in each of the provinces of Canada. Before making an investment decision, investors should read the prospectus supplement and the accompanying short form base shelf prospe
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