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Rogers Communications Inc. Announces Tender Offer And Consent Solicitation For U.S. $350,000,000 6.25% Senior Notes Due 2013

Stocks in this article: RCI

TORONTO, May 15, 2013 /PRNewswire/ - Rogers Communications Inc. ("RCI") today announced that its wholly- owned subsidiary, Rogers Communications Finance Inc. ("RCFI"), has commenced a cash tender offer for any and all of RCI's outstanding U.S. $350,000,000 aggregate principal amount of 6.25% Senior Notes due 2013 (CUSIP # 77509NAH6) (the "Notes") on the terms and subject to the conditions set forth in its Offer to Purchase and Consent Solicitation Statement, dated May 15, 2013, and the related Letter of Transmittal and Consent.  RCFI is also soliciting consents to certain proposed amendments to the indenture governing the Notes.

The tender offer will expire at 8:00 a.m., New York City time, on June 13, 2013, unless extended or earlier terminated by RCFI (the "Expiration Time").  RCFI reserves the right to terminate, withdraw or amend the tender offer and consent solicitation at any time subject to applicable law.

The tender offer consideration being offered for the Notes accepted for purchase in the tender offer will be US$1,000 for each US$1,000 principal amount of Notes (plus accrued and unpaid interest to, but not including, the settlement date expected to be on or about June 13, 2013). In addition, holders who tender on or prior to 5:00 p.m., New York City time, on May 29, 2013, will receive an amount designated as a consent payment equal to US$2.50 per US$1,000 principal amount of Notes.

The obligation of RCFI to accept for purchase, and to pay for, Notes validly tendered and not withdrawn pursuant to the tender offer and the consent solicitation is subject to the satisfaction or waiver of the conditions to the tender offer and consent solicitation.  The complete terms and conditions of the tender offer and the consent solicitation are set forth in the related Offer to Purchase and Consent Solicitation Statement and the Letter of Transmittal and Consent which are being sent to holders of the Notes.  Holders of the Notes are urged to read the tender offer documents carefully.

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