TORONTO, Jan. 29, 2014 /PRNewswire/ - Rogers Communications Inc. ("RCI") today announced that its wholly- owned subsidiary, Rogers Data Centres Alberta Inc. ("RDCAI") , has commenced cash tender offers for any and all of the outstanding (i) U.S. $750,000,000 aggregate principal amount of 6.375% Senior Notes due 2014 of RCI and Rogers Communications Partnership (CUSIP No. 77531QAD0 / 77531QAC2 / ISIN USC7925HAB27) (the "6.375% Notes") and (ii) U.S. $350,000,000 aggregate principal amount of 5.500% Senior Notes due 2014 of RCI (CUSIP No. 77509NAK9 / ISIN US77509NAK90) (the "5.500% Notes" and, together with the 6.375% Notes, the "Notes") on the terms and subject to the conditions set forth in its Offer to Purchase and Consent Solicitation Statement, dated January 29, 2014, and the related Letter of Transmittal and Consent. RDCAI is also soliciting consents to certain proposed amendments to the indentures governing the Notes.
The tender offer with respect to the 6.375% Notes will expire at 8:00 a.m., New York City time, on February 27, 2014, unless extended or earlier terminated by RDCAI. The tender offer with respect to the 5.500% Notes will expire at 8:00 a.m., New York City time, on March 13, 2014, unless extended or earlier terminated by RDCAI. RDCAI reserves the right to terminate, withdraw or amend either or both of the tender offers and consent solicitations at any time subject to applicable law.
The tender offer consideration being offered for the Notes accepted for purchase in the tender offers 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 February 27, 2014 with respect to the 6.375% Notes and March 13, 2014 with respect to the 5.500% Notes). In addition, holders who tender Notes on or prior to 5:00 p.m., New York City time, on February 11, 2014, will receive an amount designated as a consent payment equal to US$2.50 per US$1,000 principal amount of Notes so tendered and validly accepted by RDCAI.
The obligation of RDCAI to accept for purchase, and to pay for, any Notes validly tendered and not validly withdrawn pursuant to any tender offer and the related consent solicitation is subject to the satisfaction or waiver of the conditions to the applicable tender offer and consent solicitation. The complete terms and conditions of each tender offer and consent solicitation are set forth in the Offer to Purchase and Consent Solicitation Statement referred to above and the related 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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