Rogers Communications Inc. entered into an underwriting agreement to issue US$750,000,000 principal amount of 6.875% Fixed-to-Fixed Rate Subordinated Notes due 2056, with the third supplemental indenture dated March 27, 2026, establishing the terms of the notes.
Key takeaways
Rogers Communications Inc. is issuing US$750,000,000 principal amount of 6.875% Fixed-to-Fixed Rate Subordinated Notes due 2056.
The notes are subordinated to senior indebtedness of the company.
The notes have an initial interest rate reset date of July 31, 2031, and a final interest rate reset date of July 31, 2051.
The company has the right to defer interest payments on the notes under certain conditions.
The notes may be redeemed by the company under specific circumstances, including a tax event or a rating event.
The underwriting agreement includes representations and warranties regarding the company's eligibility and the accuracy of disclosure documents.