Rogers Cable $425 million two-part second-priority notes talked in 7%, 7¼% area

By Paul A. Harris

St. Louis, Nov. 18 - Rogers Cable Inc.'s $425 million two-part offering of senior secured second-priority notes (Ba3/BB+) were talked in the 7% and 7¼% area Thursday, according to a syndicate source.

The 7% area price talk is for $250 million to $300 million of 10-year bullets.

Meanwhile, the 7¼% area price talk is area on C$150 to C$200 million of 10-year bullets.

Pricing is expected on Friday.

Citigroup and JP Morgan are the bookrunners for the Rule 144A offering. TD Securities, Scotia Capital, RBC Capital Markets, CIBC Capital Markets, Harris Nesbitt and SG Corporate & Investment Banking are the co-managers.

The Toronto-based cable television and high-speed internet service provider is a subsidiary of Rogers Communications Inc. and intends to use the proceeds to repay bank debt.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.