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Prospect News home > News index > List of issuers C > Headlines for Cogeco Communications Inc. > News item
Published on 10/21/2020 in the Prospect News Bank Loan Daily.

Cogeco to draw on revolver to purchase DERYtelecom

By Taylor Fox

New York, Oct. 21 – Cogeco Communications Inc.’s Canadian subsidiary, Cogeco Connexion, plans to purchase DERYtelecom using cash on hand and its term revolving facility, according to a news release.

DERYtelecom will be purchased for $405 million. The transaction is expected to close no later than the second quarter of 2021.

Cogeco is a Montreal-based cable operator.


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