Cable & Telecom

Rogers offers $900M in senior notes

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”. www.rogers.comwww.moodys.com
 

Our industry and COVID-19

We've gathered a number of links where Canadian cable, radio, television, telecom and wireless companies have posted their responses to the Covid-19 pandemic.