Workflow
4.25% Senior Notes due 2049
icon
Search documents
Rogers Announces Upsizing and Results of its Cash Tender Offers for Canadian Dollar Debt Securities
Globenewswireยท 2025-07-21 11:00
Core Viewpoint - Rogers Communications Inc. has announced the results of its cash tender offers for certain series of senior notes, increasing the maximum purchase amount to accept all tendered notes in full, along with a portion of another series [1][3]. Summary by Sections Offers - The tender offers were made under specific terms and conditions, with the expiration date set for July 18, 2025 [2]. - The total principal amount validly tendered was C$2,168,414,000, with no withdrawals prior to the expiration date [3]. Notes Information - The company expects to accept the following amounts of notes: - C$274.4 million of 4.25% Senior Notes due 2049 - C$289.7 million of 2.90% Senior Notes due 2030 - C$340.5 million of 3.30% Senior Notes due 2029 - C$300.0 million of 3.25% Senior Notes due 2029 [12]. Pricing and Settlement - Pricing for the notes is expected to occur on July 21, 2025, with the settlement date anticipated for July 23, 2025 [7][8]. - An accrued coupon payment will also be made for the accepted notes, and interest will cease to accrue on the settlement date [8]. Dealer Managers - The company has appointed Merrill Lynch Canada Inc., RBC Dominion Securities Inc., Scotia Capital Inc., and TD Securities Inc. as joint lead dealer managers for the offers [9].