Analyst Research

Report Title Price
Provider: Reuters Investment Profile
$20.00
Provider: Pechala's Reports
$15.00
Provider: Reuters Investment Profile
$20.00
Provider: Thomson Reuters Stock Report
$25.00

NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Rogers Communications Inc. Prices $1.1 Billion Senior Notes Offering


Wednesday, 30 May 2012 07:00pm EDT 

Rogers Communications Inc. announced that it has priced an offering of $1.1 billion of debt securities, consisting of $500 million aggregate principal of 3.0% Senior Notes due 2017 and $600 million aggregate principal of 4.0% Senior Notes due 2022. The 3.0% Senior Notes due 2017 were priced at $999.21 per $1,000 principal amount, for an effective yield of 3.017% per annum if held to maturity, and the 4.0% Senior Notes due 2022 were priced at $996.00 per $1,000 principal amount for an effective yield of 4.049% per annum if held to maturity. The 3.0% Senior Notes due 2017 will mature on June 6, 2017 and the 4.0% Senior Notes due 2022 will mature on June 6, 2022. The net proceeds from the offering will be approximately $1,091 million, which are intended to be used to repay outstanding advances under Rogers' bank credit facility and for general corporate purposes which may include, among other things, funding all or a portion of Rogers' investment in a 37.5% ownership interest in Maple Leaf Sports & Entertainment. Closing of the offering is expected to occur on or about June 4, 2012. The Senior Notes will be issued by Rogers and will be guaranteed by its wholly owned subsidiary, Rogers Communications Partnership. 

Company Quote

40.2
0.03 +0.07%
17 Apr 2014