TORONTO – Rogers Communications rolled out a $900 million senior notes offering on Wednesday.
The notes are priced at $999.45 per $1,000 principal amount, for an effective yield of 4.707% per annum if held to maturity. They will mature on September 29, 2020.
Rogers said that the net proceeds from the offering will be approximately $895 million, which are intended to be used to repay outstanding advances under its bank credit facility and for general corporate purposes.
Moody’s assigned the offering a ‘stable’ ratings outlook, saying that it viewed the transaction “as being accommodated within Rogers’ prevailing Baa2 senior unsecured rating”.
