Rogers Communications markets U.S. dollar offering of 10-year notes

By Cristal Cody

Eureka Springs, Ark., Nov. 1 – Rogers Communications Inc. plans to price a U.S. dollar-denominated offering of 10-year senior notes, according to a preliminary prospectus supplement filed with the Securities and Exchange Commission on Tuesday.

BMO Capital Markets, BofA Merrill Lynch and J.P. Morgan Securities LLC are the bookrunners.

The notes are guaranteed by subsidiary Rogers Communications Canada Inc.

Proceeds will be used to repay a portion of outstanding advances under the company's bank credit facilities and borrowings under the securitization program that it entered into on Dec. 31, 2012. Any remaining proceeds will be used for general corporate purposes.

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

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