Cable & Telecom

Cogeco prices $200M debt offering

MONTREAL – Cogeco Cable has announced a public debt offering of $200 million senior secured debentures series "2".The interest rate of the debentures was set at 5.15% and priced at $99.807 per $100 for an effective yield of 5.175% per annum.  Interest will be payable semi-annually on May 16 and November 16, with the first interest payment on May 16, 2011. They will have a term of 10 years with a maturity date of November 16, 2020, and closing of the offering is expected to occur on or about November 16, 2010.The company said that the net proceeds from the...