Rogers Communications Inc. Announces Results and Settlement of Tender Offer and Consent Solicitation for 5.500% Senior Notes due 2014
TORONTO, March 13, 2014 /CNW/ – Rogers Communications Inc. (“RCI”) today
announced that holders of $304,021,000 (86.9%) aggregate principal
amount of its 5.500% Senior Notes due 2014 (CUSIP No.77509NAK9 / ISIN
US77509NAK90) have tendered their notes pursuant to the previously
announced tender offer and consent solicitation by Rogers Data Centres
Alberta Inc. (“RDCAI”), a wholly-owned subsidiary of RCI. The tender
offer and consent solicitation expired as of 8:00 a.m., New York City
time, on March 13, 2014. RDCAI has accepted for purchase and paid for
the tendered notes, and RDCAI has paid the consent payments for
consents delivered in connection with the related consent
solicitation. Notes not tendered and purchased pursuant to the tender
offer will remain outstanding, mature and be paid on March 17, 2014,
the first business day following the stated maturity of March 15, 2014.
Caution Concerning Forward-Looking Statements
This document includes certain forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995
relating but not limited to the terms and timing of the tender offer
and consent solicitation. Undue reliance should not be placed on
forward-looking information as actual results may differ materially.
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 Rogers Communications Inc.
Rogers Communications Inc. is a leading diversified Canadian
communications and media company. Rogers Communications Inc. is
Canada’s largest provider of wireless communications services and one
of Canada’s leading providers of cable television, high-speed Internet
and telephony services to consumers and businesses. Through its
wholly-owned subsidiary, Rogers Media Inc., and its subsidiaries,
Rogers Communications Inc. is engaged in radio and television
broadcasting, televised shopping, magazines and trade publications,
sports entertainment, and digital media. We are publicly traded on the
Toronto Stock Exchange (TSX: RCI.A and RCI.B) and on the New York Stock
Exchange (NYSE: RCI). For further information about the Rogers group of
companies, please visit rogers.com.
SOURCE Rogers Communications Inc.