Rogers Announces Pricing of Cash Tender Offers for Eight Series of U.S. Dollar Debt Securities | RCI Stock News

Rogers Communications (RCI, Financial) will purchase up to US$1.25 billion of U.S. dollar debt securities. The tender offers include eight series of notes with maturities from 2026 to 2049. The offers will expire on July 18, 2025, with settlement expected by July 23, 2025. Rogers Communications Inc. (RCI) has announced the pricing for its cash tender offers to repurchase up to US$1.25 billion of its outstanding U.S. dollar-denominated debt securities. These offers span eight different series of notes, with maturity dates ranging from 2026 to 2049. Notably, the company has set a structured acceptance priority with no proration, ensuring that if a series of notes is accepted, all tendered notes within that series will be accepted in full. The total consideration for these notes varies significantly, from US$738.97 to US$980.36 per US$1,000 principal amount, reflecting the prevailing interest rate environment. This strategic debt repurchase allows Rogers to capitalize on substantial discounts, facilitating debt reduction at advantageous pricing terms. The tender offers are set to expire on July 18, 2025, at 5:00 p.m. Eastern time, and the settlement date is anticipated to be July 23, 2025. Participating noteholders will receive the total consideration plus accrued interest for accepted notes. This initiative is part of Rogers’ broader strategy to manage its debt efficiently amidst fluctuating market conditions, showcasing its robust liquidity position and proactive approach to financial management.

Rogers Announces Pricing of Cash Tender Offers for Eight Series of U.S. Dollar Debt Securities | RCI Stock News

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