Rogers Announces Results and Upsize of its Cash Tender Offers for Eight Series of U.S. Dollar Debt Securities

Core Points - Rogers Communications Inc. announced an increase in the aggregate Total Consideration for its cash Offers to purchase outstanding notes from US$1,250,000,000 to US$1,400,000,000 [1] - The Offers were made for eight separate series of Senior Notes, with the intention to accept all validly tendered notes prior to the Expiration Date [1][2] - The Expiration Date for the Offers was July 18, 2025, with a Guaranteed Delivery Date set for July 22, 2025, and a Settlement Date of July 23, 2025 [3] Offer Details - A total of US$2,765,201,000 in aggregate principal amount of Notes were validly tendered before the Expiration Date [4] - The Company accepted for purchase US$1,707,133,000 in aggregate principal amount of Notes, excluding those delivered under Guaranteed Delivery Procedures [7] - Notes with Acceptance Priority Levels 1 through 5 were accepted, while those with Levels 6 through 8 were not accepted for purchase [7] Financial Information - The Total Consideration for each series of Notes is specified per US$1,000 principal amount of validly tendered Notes [7] - Holders of accepted Notes will receive cash payments equal to the Total Consideration and accrued interest up to the Settlement Date [9] - The Company has engaged BofA Securities, Citigroup Global Markets, Mizuho Securities, and Wells Fargo Securities as joint lead dealer managers for the Offers [10]