Rogers Communications Prices US$750M and Cdn$1.25B Subordinated Notes to Repay Debt

summarizeSummary

Rogers Communications Inc. announced the formal pricing of US$750 million and Cdn$1.25 billion in subordinated notes, with proceeds designated for debt repayment.

check_boxKey Events

• Pricing of US$750 Million Subordinated Notes

  Rogers Communications Inc. priced a U.S. public offering of US$750 million of 6.875% fixed-to-fixed rate subordinated notes due 2056. The net proceeds are expected to be approximately US$740 million.

• Pricing of Cdn$1.25 Billion Subordinated Notes

  The company also priced a Canadian private placement of Cdn$1.25 billion of 6.250% fixed-to-fixed rate subordinated notes due 2056. The net proceeds are expected to be approximately Cdn$1.24 billion.

• Use of Proceeds for Debt Repayment

  The net proceeds from both offerings, totaling approximately US$1.66 billion, are expected to be used to repay certain outstanding indebtedness of Rogers Communications Inc.

• Expected Closing Date

  Both the U.S. and Canadian note offerings are expected to close on March 27, 2026.

auto_awesomeAnalysis

Rogers Communications Inc. has formally priced two significant subordinated note offerings, totaling approximately US$1.66 billion (US$750 million and Cdn$1.25 billion). This filing finalizes the terms and pricing of the offerings, which were previously announced via a Free Writing Prospectus and news release on March 25, 2026. The substantial capital raise, representing a notable percentage of the company's market capitalization, is intended to repay existing outstanding indebtedness, which is a positive move for balance sheet management and financial stability.