Rogers Communications Inc. Announces Consent Payment Extension For Tender Offers And Consent Solicitations For U.S. $750,000,000 6.375% Senior Notes Due 2014 And U.S. $350,000,000 5.500% Senior Notes Due 2014
TORONTO, Feb. 11, 2014 /PRNewswire/ - Rogers Communications Inc. ("RCI") today announced that its wholly-owned subsidiary, Rogers Data Centres Alberta Inc. ("RDCAI"), is extending the period during which holders who tender their (i) 6.375% Senior Notes due 2014 of RCI and Rogers Communications Partnership (CUSIP No. 77531QAD0 / 77531QAC2 / ISIN USC7925HAB27) (the "6.375% Notes") and (ii) 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") will receive the consent payment of US$2.50 per US$1,000 principal amount of Notes (in addition to the principal amount and accrued and unpaid interest) under RDCAI's previously announced tender offers and consent solicitations for the Notes. The consent payment deadline has been extended to 8:00 a.m., New York City time, on February 27, 2014 for the 6.375% Notes. The consent payment deadline has been extended to 8:00 a.m. New York City time on March 13, 2014 for the 5.50% Notes. The expiration times of the tender offers remain unchanged. 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. The settlement date with respect to the 6.375% Notes is expected to be on or about February 27, 2014 and the settlement date with respect to the 5.500% Notes is expected to be on or about March 13, 2014. Under the terms of the tender offers, holders who have previously tendered their Notes can no longer validly withdraw those Notes from the applicable tender offer.
RDCAI reserves the right to further amend, terminate or withdraw the tender offers and consent solicitations, subject to applicable laws. Notes not tendered and purchased pursuant to the tender offers will remain outstanding, mature on the applicable stated maturity date and be paid on March 3, 2014 (the first business day following the stated maturity of March 1, 2014) for the 6.375% Notes and on March 17, 2014 (the first business day following the stated maturity of March 15, 2014) for the 5.500% Notes, in each case in accordance with their respective terms.
The tender offers and consent solicitations are being made solely by means of the related Offer to Purchase and Consent Solicitation Statement and the Letter of Transmittal and Consent. Under no circumstances shall this press release constitute an offer to purchase or the solicitation of an offer to sell any of the Notes or any other securities of RCI or its affiliates. It also is not a solicitation of consents to the proposed amendments to the indentures. No recommendation is made as to whether holders of the Notes should tender their Notes or give their consent.
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