Skip to main content

Rogers Communications Prices $800 Million Senior Notes Offering

August 11, 2010

News Releases

TORONTO, Aug. 11 /CNW/ – Rogers Communications Inc. (“Rogers”) announced
today that it has priced an offering of $800 million aggregate principal
amount of 6.11% Senior Notes due 2040. The Senior Notes were priced at
$999.04 per $1,000 principal amount, for an effective yield of 6.117%
per annum if held to maturity. The Senior Notes will mature on August
25, 2040
.

The net proceeds from the offering will be approximately $794 million,
which are intended to be used, together with cash on hand and
advances under our bank credit facility
, to fund the previously
announced redemptions of our US$490 million principal amount of 9.625%
Senior Notes due 2011, $460 million principal amount of 7.625% Senior
Notes due 2011 and $175 million principal amount of 7.25% Senior Notes
due 2011. Closing of the offering is expected to occur on or about
August 25, 2010. The Senior Notes will be issued by Rogers and
guaranteed by its wholly owned subsidiary, Rogers Communications
Partnership.

The Senior Notes are being offered in each of the provinces of Canada
through a syndicate of agents. Rogers will be filing a final prospectus
supplement relating to the offering of the Senior Notes with the
securities regulatory authorities in each of the provinces of Canada.
Copies of the final prospectus supplement and the accompanying short
form base shelf prospectus dated November 30, 2009 may be obtained over
the Internet at the Canadian Securities Administrators’ website at
www.sedar.com.

This news release does not constitute an offer to sell or the
solicitation of an offer to buy the securities in any jurisdiction. The
securities being offered have not been approved or disapproved by any
regulatory authority nor has any such authority passed upon the accuracy
or adequacy of the short form base shelf prospectus or the prospectus
supplement.

This news release is not an offer for sale within the United States of
any debt or other securities of Rogers. Securities of Rogers, including
any offering of its debt securities, may not be offered or sold in the
United States absent registration under U.S. securities laws or unless
exempt from registration under such laws. The offering of Rogers
described in this news release has not been and will not be registered
under U.S. securities laws, and accordingly, any offer or sale of these
securities may be made only in a transaction exempt from registration.

About the Company

Rogers is a diversified public Canadian communications and media
company. We are Canada’s largest provider of wireless voice and data
communications services and one of Canada’s leading providers of cable
television, high-speed Internet and telephony services. Through Rogers
Media we are engaged in radio and television broadcasting, televised
shopping, magazines and trade publications, and sports entertainment. We
are publicly traded on the Toronto Stock Exchange (TSX: RCI.A and RCI.B)
and on the New York Stock Exchange (NYSE: RCI).