Chicago, March 8 – Rogers Communications Inc. sold C$4.25 billion of senior notes in four parts (Baa1/BBB+/BBB+) on Monday, according to a press release.
The company sold C$1.25 billion of 3.1% notes due 2025, C$1 billion of 3.75% notes due 2029, C$1 billion of 4.25% notes due 2032 and C$1 billion of 5.25% notes due 2052.
The notes were sold on a private placement basis to persons resident in a Canadian province and to investors in certain other jurisdictions outside of Canada (excluding the United States).
Proceeds will be used to help pay the acquisition cost of Shaw Communications Inc.
The company also sold $7.05 billion of notes in five tranches on Monday.
Rogers Communications is a Toronto-based communications and media company.
| Issuer: | Rogers Communications Inc.
|
| Amount: | C$4.25 billion
|
| Issue: | Senior notes
|
| Trade date: | March 7
|
| Settlement date: | March 11
|
| Ratings: | Moody’s: Baa1
|
| S&P: BBB+
|
| Fitch: BBB+
|
| Distribution: | Canada
|
|
|
| Three-year notes
|
| Amount: | C$1.25 billion
|
| Maturity: | 2025
|
| Coupon: | 3.1%
|
|
|
| Seven-year notes
|
| Amount: | C$1 billion
|
| Maturity: | 2029
|
| Coupon: | 3.75%
|
|
|
| 10-year notes
|
| Amount: | C$1 billion
|
| Maturity: | 2032
|
| Coupon: | 4.25%
|
|
|
| 30-year notes
|
| Amount: | C$1 billion
|
| Maturity: | 2052
|
| Coupon: | 5.25%
|
|
|
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