Cogeco prices $300 million public debt offering

MONTREAL – Cogeco Cable has announced a public debt offering of $300 million in ten-year-term senior secured debentures, Series “4.” The interest rate of the debentures was set at 4.175% and will be payable semi-annually on May 26 and Nov. 26, with the first interest payment on Nov. 26, 2013. The debentures will mature on May 26, 2023. The company said the net proceeds from the offering will be used to repay a portion of the amount outstanding under Cogeco’s term revolving credit facilities. The unused amount under these revolving credit facilities will then be used to repay the $300...