Rogers Communications prices cash tender offers

Executive Summary

• Rogers Communications Inc. has announced the pricing terms for cash tender offers to purchase up to the maximum amount of its outstanding Canadian dollar debt securities.
• The offers cover specific series of notes, with settlement expected on July 23, 2025.
• Accepted notes will be retired and cancelled, with holders receiving the total consideration plus accrued and unpaid interest up to the settlement date.

Key Details

• Transaction Type: Cash tender offers for outstanding notes.
• Settlement Date: Expected to occur on July 23, 2025.
• Consideration: Holders receive the applicable total consideration per $1,000 aggregate principal amount of accepted notes, plus a cash payment for accrued and unpaid interest from the preceding interest payment date to the settlement date.
• Status of Accepted Notes: Notes accepted for purchase will be retired and cancelled; they will no longer remain outstanding.
• Status of Unaccepted Notes: All notes not accepted for purchase will be returned without cost to the tendering holders.
• Joint Lead Dealer Managers:
  • Merrill Lynch Canada Inc. (BofA)
  • RBC Dominion Securities Inc. (RBC)
  • Scotia Capital Inc.
  • TD Securities Inc.
• Tender Agent: TSX Trust Company.
• Information Agent: TMX Investor Solutions Inc.
• Contact Information:
  • BofA: 888-292-0070 (toll-free) or 980-387-3907 (collect)
  • RBC: 877-381-2099 (toll-free) or 416-842-6311 (local)
  • Scotia: 1-416-863-7438 (collect)
  • TD: 1-866-584-2096 (toll-free) or 1-416-982-6451 (collect)

Notable Quotes

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