Cable / Telecom News

Cogeco raises $255 million

MONTREAL - Cogeco Cable announced today that it has completed - pursuant to a private placement - the issue of 7% series A senior secured notes for US$190 million, maturing October 1, 2015, and 7.6% series B senior secured notes for C$55 million maturing October 1, 2018. Interest on these notes is payable semi-annually in arrears on April 1 and October 1 of each year commencing April 1, 2009. The aggregate gross proceeds from the issue of these notes amount to approximately C$257 million. Net proceeds of approximately C$255 million, after underwriters' fees and other expenses, will be applied to...