Cable / Telecom News

Rogers offers $750M in debt securities

TORONTO - Rogers Communications (RCI) has priced a US$750 million underwritten public offering of 4.30% senior notes due in 2048.The net proceeds from the issuance of the debt securities will be approximately US$737 million and are expected to be used for general corporate purposes, which may include the repayment at maturity of outstanding commercial paper under RCI's US commercial paper program, the company said late Monday.The sale of the debt securities is expected to close on February 8, 2018. The debt securities will be issued by RCI and guaranteed by its wholly-owned subsidiary, Rogers Communications Canada