New Issue: Rogers Communications prices $750 million two-year floaters at Libor plus 60 bps

By Cristal Cody

Tupelo, Miss., June 15 – Rogers Communications Inc. priced $750 million of floating-rate senior notes due March 22, 2022 (Baa1/BBB+/BBB+) on Monday at par to yield Libor plus 60 basis points, according to an FWP filing with the Securities and Exchange Commission.

BMO Capital Markets Corp. and Wells Fargo Securities LLC were the bookrunners.

The notes are guaranteed by Rogers Communications Canada Inc.

Proceeds will be used for general corporate purposes, including to repay some of the company’s 5.34% senior notes due 2021 at or prior to maturity.

Rogers Communications is a Toronto-based communications and media company.

Issuer:	Rogers Communications Inc.
Guarantor:	Rogers Communications Canada Inc.
Amount:	$750 million
Description:	Floating-rate senior notes
Maturity:	March 22, 2022
Bookrunners:	BMO Capital Markets Corp. and Wells Fargo Securities LLC
Co-managers:	BofA Securities, Inc., CIBC World Markets Corp., Citigroup Global Markets Inc., Mizuho Securities USA Inc., MUFG, National Bank of Canada Financial Inc., RBC Capital Markets, LLC, Scotia Capital (USA) Inc., SMBC Nikko Securities America, Inc. and TD Securities (USA) LLC
Coupon:	Libor plus 60 bps
Price:	Par
Yield:	Libor plus 60 bps
Call feature:	None
Trade date:	June 15
Settlement date:	June 22
Ratings:	Moody’s: Baa1
	S&P: BBB+
	Fitch: BBB+
Distribution:	SEC registered

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