Rogers Prices US$750M 6.875% Notes and C$1.25B 6.25% Notes
Rogers Communications priced a US$750 million public offering of 6.875% subordinated notes due 2056 and a C$1.25 billion private placement of 6.25% subordinated notes due 2056. Net proceeds of approximately US$740 million and C$1.24 billion will repay outstanding debt with both offerings closing March 27, 2026.
1. Issuance Details
Rogers Communications priced a US$750 million public offering of 6.875% fixed-to-fixed rate subordinated notes due 2056 and completed a Canadian private placement of C$1.25 billion of 6.25% subordinated notes due 2056.
2. Use of Proceeds
The net proceeds of approximately US$740 million and C$1.24 billion will be used to repay certain outstanding indebtedness, reducing short-term liabilities and refinancing existing obligations.
3. Closing and Regulatory Treatment
Both offerings are expected to close on March 27, 2026, with the US notes issued under a prospectus supplement pursuant to a shelf registration and the Canadian notes sold through a private placement.
4. Subordinated Notes Characteristics
The notes carry fixed coupon rates until maturity in 2056 and rank below senior debt in Rogers' capital structure, securing long-term funding and predictable interest costs.