Rogers Communications prices USD1.0bn offering

Rogers Communications Inc. said it has priced a USD1.0 billion underwritten public offering of debt securities, consisting of USD700 million aggregate principal amount of 3.625 percent senior notes due 2025 and an additional USD300 million aggregate principal amount of its existing 5.00 percent senior notes due 2044.

The net proceeds from the issuance of the debt securities will be approximately USD990 million and are expected to be used to repay outstanding advances under RCI´s bank credit facilities and for general corporate purposes.

The sale of the debt securities is expected to close on December 8, 2015. The debt securities will be issued by RCI and guaranteed by its wholly owned subsidiary, Rogers Communications Partnership.

The 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.

Rogers Communications is a leading diversified public Canadian communications and media company.