Cable / Telecom News

Rogers offers $1B in debt securities to help pay for spectrum

TORONTO - Rogers Communications has priced a Canadian offering of $1.0 billion aggregate principal amount of 3.25% senior notes due in 2029.The net proceeds of this Canadian offering will be approximately $991 million, and, together with other debt funding, will help to fund the $1.725 billion cash investment required to acquire 52 of 64 of the twenty year 600 MHz spectrum licenses available to the company, Rogers said late Tuesday.The sale of the Canadian notes is expected to close on April 30, 2019.