Cogeco Communications Announces Private Offering of $275 Million 6.125% Senior Unsecured Notes
Summary
/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE U.S./MONTR\xc9AL, Feb. 22, 2024 /CNW/ - Cogeco Communications Inc. (TSX: CCA) ("Cogeco Communications" or the "Corporation") announced today that it has priced an offering of $275 million aggregate principal amount of 6.125% senior unsecured notes due February 27, 2029 (the "Notes").The Notes are being offered through an agency syndicate consisting of BMO Nesbitt Burns Inc. and CIBC World Markets Inc., as lead agents and joint bookrunners, National Bank Financial Inc., as co-lead manager, and Desjardins Securities Inc., Merrill Lynch Canada Inc., RBC Dominion Securities Inc., MUFG Securities (Canada), Ltd., TD Securities Inc., Scotia Capital Inc., and Casgrain & Company Limited, as co-managers.The offering is expected to close on or about February 27, 2024, subject to customary closing conditions. Cogeco Communications Inc.s subordinate voting shares are listed on the Toronto Stock Exchange (TSX: CCA).Certain statements contained in this press release may constitute forward-looking information within the meaning of securities laws. Forward-looking information may relate to Cogeco Communications future outlook and anticipated events, business, operations, financial performance, financial condition or results and, in some cases, can be identified by terminology such as "may"; "will"; "should"; "expect"; "plan"; "anticipate"; "believe"; "intend"; "estimate"; "predict"; "potential"; "continue"; "foresee", "ensure" or other similar expressions concerning matters that are not historical facts. These statements are based on certain factors and assumptions including expected growth, results of operations, purchase price allocation, tax rates, weighted average cost of capital, performance and business prospects and opportunities, which Cogeco Communications believes are reasonable as of the current date.Refer in particular to the "Corporate objectives and strategies" and "Fiscal 2024 financial guidelines" sections of the Corporations 2023 annual Managements Discussion and Analysis ("MD&A") and the "Corporate objectives and strategies" section of the first quarter of fiscal 2024 MD&A for a discussion of certain key economic, market and operational assumptions we have made in preparing forward-looking statements.While management considers these assumptions to be reasonable based on information currently available to Cogeco Communications, they may prove to be incorrect. Forward-looking information is also subject to certain factors, including risks and uncertainties that could cause actual results to differ materially from what Cogeco Communications currently expects.