Offering to partially fund previously announced acquisition of 700 MHz
‘beachfront’ spectrum licenses
TORONTO, March 3, 2014 /CNW/ – Rogers Communications Inc. (“RCI”)
announced today that it has priced a US$750 million underwritten public
offering of US dollar debt securities. The offering consisted of
US$750 million aggregate principal amount of 5.00% senior notes due
2044. The net proceeds from the issuance of these US dollar debt
securities will be approximately US$736 million and is expected to be
used, together with available cash on hand and other debt funding, to
fund the Cdn$3.29 billion cash investment required to acquire twenty
year licenses for two blocks of contiguous, paired lower 700 MHz band
spectrum located in the key rural and urban locations across Canada.
The sale of the US dollar debt securities is expected to close on March
The US dollar debt securities will be issued pursuant to a prospectus
supplement and accompanying prospectus filed with the SEC as part of an
effective shelf registration statement on Form F-10. These documents
are available at no charge by visiting EDGAR on the SEC website at
www.sec.gov. A written prospectus and prospectus supplement relating to
the offering of the US dollar debt securities may also be obtained from
RCI by contacting Glenn Brandt as described below.
The US dollar debt securities are not being offered in Canada or to any
resident of Canada. This press release shall not constitute an offer to
sell or the solicitation of an offer to buy nor shall there be any sale
of these securities in any state in which such offer, solicitation or
sale would be unlawful prior to registration or qualification under the
securities laws of any such state.
Caution Concerning Forward-Looking Statements
This document includes certain forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. These
statements are based on management’s current expectations or beliefs,
and are subject to uncertainty and changes in circumstances. Actual
results may vary materially from those expressed or implied by the
statements herein due to changes in economic, business, competitive,
technological, strategic and/or regulatory factors, and other factors
affecting the operations of RCI.
More detailed information about these factors may be found in filings by
RCI with the SEC, including its most recent Annual Report on Form 40-F.
RCI is under no obligation to, and expressly disclaims any such
obligation to, update or alter its forward-looking statements, whether
as a result of new information, future events, or otherwise.
About the Company:
Rogers Communications is a diversified Canadian communications and media
company. We are engaged in wireless voice and data communications
services through Wireless, Canada’s largest wireless provider. Through
Cable, we are one of Canada’s leading providers of cable television
services as well as high-speed Internet access and telephony services
to consumers and businesses. Through Media, we are engaged in radio and
television broadcasting, televised shopping, sports entertainment, and
magazines and trade publications. We are publicly traded on the Toronto
Stock Exchange (TSX: RCI.A and RCI.B) and on the New York Stock
Exchange (NYSE: RCI).
SOURCE Rogers Communications Inc.