Financing ·
Rogers Communications Inc. priced a U.S. public offering of US$1 billion in fixed-to-fixed rate subordinated notes due…
RCIRogers Communications Inc
Rogers Communications Inc. priced a U.S. public offering of US$1 billion in fixed-to-fixed rate subordinated notes due 2057, split into two series: US$500 million at 7.150% and US$500 million at 7.400%. Additionally, the company completed a Canadian private placement of Cdn$600 million in fixed-to-fixed rate subordinated notes due 2057 at a 6.000% interest rate. Net proceeds are expected to be approximately US$990 million and Cdn$595 million, respectively. The company intends to use these funds to redeem or purchase in full or in part its existing 5.00% Fixed-to-Fixed Rate Subordinated Notes due 2081 and/or the 5.25% Fixed-to-Fixed Rate Subordinated Notes due 2082. The offerings are expected to close on September 23, 2026. Rogers Communications Inc. operates in the telecommunications industry, providing wireless, wireline, and media services.