Rogers extends consent payment date in tender offers, consent bids

By Susanna Moon

Chicago, Feb. 11 - Rogers Communications Inc. said its wholly owned subsidiary, Rogers Data Centres Alberta Inc., extended the consent payment date in the tender offers for two series of notes to coincide with the expiration dates.

Holders who tender their notes in the offers will receive a consent payment of $2.50 per $1,000 principal amount, according to a company press release. Originally, only holders who tendered by 5 p.m. ET on Feb. 11 would have received the consent payment.

As previously announced, the company is tendering for the outstanding $750 million principal amount of 6.375% senior notes due March 1, 2014 issued by Rogers Communications Partnership and Rogers as well as the $350 million principal amount of 5.5% senior notes due March 15, 2014 issued by Rogers.

The tender offer for the 6.375% notes will end at 8 a.m. ET on Feb. 27, and the tender offer for the 5.5% notes will end at 8 a.m. ET on March 13. The offers began on Jan. 29.

Rogers Data is also soliciting consents to amend the note indentures.

The tender offer payment will be par for each $1,000 principal amount of notes plus accrued interest to but excluding the settlement date of Feb. 27 for the 6.375% notes and March 13 for the 5.5% notes.

Rogers is a Toronto-based telecommunications and media company.

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