Cable / Telecom News

Rogers to offer $1B in new senior notes

TORONTO – Rogers Communications will offer $1 billion worth of debt securities which it says will be used for general corporate purposes, including funding shareholder returns.The senior unsecured multi-maturity notes issue, (comprised of $500 million of 10-year notes and $500 million of 30 year notes), will generate approximately $993 million. The offer is expected to close by November 4, 2009.Moody's Investors Service assigned a Baa2 rating to Rogers in response to the announcement, the same rating level as the company's existing senior unsecured indebtedness. The company’s ratings outlook remained