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Rogers Communications Inc. announced the pricing of a US$750 million public offering of 6.875% fixed-to-fixed rate subordinated notes due 2056 and a Canadian private placement of C$1.25 billion 6.250% fixed-to-fixed rate subordinated notes due 2056. Net proceeds of approximately US$740 million and C$1.24 billion will be used to repay certain outstanding indebtedness, with closings expected on March 27, 2026.
Key Takeaways
1US$750 million 6.875% fixed-to-fixed subordinated notes due 2056 (US public offering)
2C$1.25 billion 6.250% fixed-to-fixed subordinated notes due 2056 (Canadian private placement)
3Net proceeds: US$740 million from US Notes and C$1.24 billion from Cdn Notes
4Use of net proceeds: repay certain outstanding indebtedness of RCI
5Expected closing date for both offerings: March 27, 2026
6US Notes issued pursuant to prospectus supplement under Form F-10 shelf registration