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Rogers Cable to sell $420 million second-priority notes
By Paul A. Harris
St. Louis, Nov. 12 - Rogers Cable Inc. plans to sell $420 million of senior secured second-priority notes (Ba3) in the Nov. 15 week, according to market sources.
Citigroup and JP Morgan are the bookrunners for the Rule 144A issue.
Proceeds will be used to repay bank debt.
Rogers Cable, a Toronto-based cable television and high-speed internet service provider, is a subsidiary of Rogers Wireless Communications Inc.
Rogers Wireless Communications is also in the market with a $2.350 billion four-tranche offering via subsidiary Rogers Wireless Inc. (see related story in this issue).
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