Rogers Prices US$1.66 Billion in Subordinated Notes to Refinance Debt
RCI sits 67% above its 52-week low of $23.18.
Summary
Rogers Communications Inc. has announced the pricing of two subordinated note offerings, totaling approximately US$1.66 billion. This includes a US$750 million public offering of 6.875% fixed-to-fixed rate notes and a Cdn$1.25 billion private placement of 6.250% fixed-to-fixed rate notes, both due 2056. This financing follows the company's earlier universal shelf registration and related filings, representing the execution of a planned capital raise. The net proceeds, approximately US$740 million and Cdn$1.24 billion, are intended to repay existing outstanding indebtedness, which is a material refinancing event for the company. Investors should monitor the closing of these offerings, expected on March 27, 2026, to assess the full impact on RCI's debt structure and financial position.
At the time of this announcement, RCI was trading at $38.75 on NYSE in the Technology sector, with a market capitalization of approximately $21B. The 52-week trading range was $23.18 to $41.14. This news item was assessed with neutral market sentiment and an importance score of 8 out of 10. Source: GlobeNewswire.