- Rogers Communications (NYSE:RCI) priced a public offering of two series of US dollar senior notes with an aggregate principal amount of $2.5B, consisting of $1.25B of 5.00% senior notes due 2029 and $1.25B of 5.30% senior notes due 2034.
- The net proceeds from the issuance will be ~$2.46B.
- Net proceeds from the issuance to repay certain of its outstanding indebtedness, including a portion of the borrowings under its term loan facility used to partially fund its acquisition of Shaw Communications Inc.
- The sale of the notes is expected to close on February 9, 2024.
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