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...
 

Our industry and COVID-19

We've gathered a number of links where Canadian cable, radio, television, telecom and wireless companies have posted their responses to the Covid-19 pandemic.