RCI - Rogers Communications Inc. Announces Pricing of Canadian Private Placement of $3 Billion of Senior Notes | Benzinga
TORONTO, Sept. 07, 2023 (GLOBE NEWSWIRE) -- Rogers Communications Inc. ("RCI") announced today that it has priced a Canadian private placement of four series of Canadian dollar denominated senior notes with an aggregate principal amount of $3 billion, consisting of $500 million of 5.65% senior notes due 2026, $1 billion of 5.7% senior notes due 2028, $500 million of 5.8% senior notes due 2030 and $1 billion of 5.9% senior notes due 2033 (collectively, the "Notes"). The net proceeds from the issuance of the Notes will be approximately $2.97 billion. RCI expects to use the net proceeds from this offering for general corporate purposes, which may include the repayment of short-term debt and other borrowings. The offering of the Notes is expected to close on ...