Rogers Communications Prices US$750M Subordinated Notes Offering
Summary
Rogers Communications Inc. has finalized the pricing for a US$750 million offering of 6.875% Fixed-to-Fixed Rate Subordinated Notes due 2056, with proceeds aimed at debt repayment and working capital.
Key Events
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US$750M Subordinated Notes Priced
Rogers Communications Inc. priced US$750 million of 6.875% Fixed-to-Fixed Rate Subordinated Notes due 2056 at 100% of principal amount, finalizing terms under its shelf registration.
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Proceeds for Debt Repayment & Working Capital
The net proceeds from this offering are intended to repay outstanding indebtedness and for general working capital purposes.
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Part of Broader Capital Raise
This US$750 million offering is one of two subordinated note offerings, totaling approximately US$1.66 billion, as previously indicated by news reports on March 25, 2026.
Analysis
This Free Writing Prospectus (FWP) finalizes the terms for a significant US$750 million subordinated notes offering, following the preliminary prospectus supplement and the company's universal shelf registration. The proceeds are intended for debt repayment and general working capital, which strengthens the company's financial position and liquidity. While the market was aware of the broader offering through recent news, this filing provides the official, detailed terms of this specific transaction.
At the time of this filing, 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 filing was assessed with neutral market sentiment and an importance score of 7 out of 10.