Rogers Prices US$1B Subordinated Notes Offering at 7.15% and 7.40%
RCI sits 16% above its 52-week low of $31.38.
Summary
Rogers Communications priced US$1 billion of subordinated notes due 2057, with US$500 million at 7.150% and US$500 million at 7.400%, settling September 23, 2026.
Key Events · Financing and Capital Events · RCI
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US$1B Subordinated Notes Priced
Rogers priced US$500 million of 7.150% NC5 notes and US$500 million of 7.400% NC10 notes, both due January 31, 2057, at 100.000% of principal.
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Interest Rate Reset Terms
NC5 notes reset to 5-Year Treasury + 2.539% (floor 7.150%) starting January 31, 2032; NC10 notes reset to 5-Year Treasury + 2.565% (floor 7.400%) starting January 31, 2037.
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Settlement and Maturity
Settlement is September 23, 2026 (T+10); both series mature January 31, 2057, with semi-annual interest payments beginning January 31, 2027.
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Concurrent Canadian Offering
A Cdn$600 million private placement of Canadian Notes is being offered exclusively in Canada as the Concurrent Debt Financing referenced in the preliminary prospectus supplement.
Analysis · RCI · Technology
Rogers finalized terms on a US$1 billion subordinated notes offering, split evenly between 7.150% notes callable after five years and 7.400% notes callable after ten years. The pricing comes one day after the company announced the deal, and the proceeds will help fund its recently completed acquisition of the remaining 25% of Maple Leaf Sports & Entertainment. The notes carry investment-grade-adjacent ratings (Ba1/BB) and include a five-year interest deferral option, giving Rogers flexibility but also signaling a heavier debt load as it integrates MLSE.
How filings like this one have moved
In the 30 days to Sep 10, 2026, 30.2% of the 2009 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.11%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, RCI was trading at $36.44 on NYSE in the Technology sector, with a market capitalization of approximately $19.8B. The 52-week trading range was $31.38 to $41.14. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.