Rogers offers $500M in debt securities

TORONTO - Rogers Communications (RCI) has priced a US$500 million underwritten public offering of 2.90% senior notes due in 2026.The net proceeds from the issuance of the will be approximately US$487 million and are expected to be used to repay outstanding advances under RCI's bank credit facilities and for general corporate purposes, the company said late Tuesday. The sale of the debt securities is expected to close on November 4, 2016. The debt securities will be issued by RCI and guaranteed by its wholly owned subsidiary, Rogers Communications Canada Inc. (RCCI).Moody's Investors Service assigned a Baa1 rating to the new...