Rogers Communications Inc. Announces Consent Payment Extension and Tender Offer and Consent Solicitation for U.S. $350,000,000 6.25% Senior Notes due 2013
TORONTO, May 29, 2013 /PRNewswire/ – Rogers Communications Inc. (“RCI”) today
announced that its wholly-owned subsidiary, Rogers Communications
Finance Inc. (“RCFI”), is extending the period during which holders who
tender their 6.25% Senior Notes due 2013 of RCI (CUSIP # 77509NAH6)
(the “Notes”) will receive the consent payment of US$2.50 per US$1,000
principal amount of Notes (in addition to the principal amount and
accrued and unpaid interest) under RCFI’s previously announced tender
offer and consent solicitation for the Notes. The consent payment
deadline has been extended to 8:00 a.m., New York City time, on June
13, 2013. The expiration time of the tender offer remains unchanged and
is also 8:00 a.m., New York City time, on June 13, 2013. The settlement
date for the tender offer and consent solicitation is expected to occur
on or about June 13, 2013. Under the terms of the tender offer, holders
who have previously tendered their Notes can no longer validly withdraw
those Notes from the tender offer.
RCFI reserves the right to further amend, terminate or withdraw the
tender offer and consent solicitation, subject to applicable laws.
Notes not tendered and purchased pursuant to the tender offer will
remain outstanding, mature and be paid on June 17, 2013.
The tender offer and consent solicitation is being made solely by means
of the related Offer to Purchase and Consent Solicitation Statement and
the Letter of Transmittal and Consent. Under no circumstances shall
this press release constitute an offer to purchase or the solicitation
of an offer to sell the Notes or any other securities of RCI or its
affiliates. It also is not a solicitation of consents to the proposed
amendment to the indenture. No recommendation is made as to whether
holders of the Notes should tender their Notes or give their consent.
Caution Concerning Forward-Looking Statements
This document includes certain forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995
relating but not limited to the terms and timing of the tender offer
and consent solicitation. There can be no assurance that the tender
offer and consent solicitation will be completed. Undue reliance
should not be placed on forward-looking information as actual results
may differ materially. These statements are based on management’s
current expectations or beliefs, and are subject to uncertainty and
changes in circumstances. Actual results may vary materially from those
expressed or implied by the statements herein due to changes in
economic, business, competitive, technological, strategic and/or
regulatory factors, and other factors affecting the operations of RCI.
More detailed information about these factors may be found in filings by
RCI with the SEC, including its most recent Annual Report on Form 40-F.
RCI is under no obligation to, and expressly disclaims any such
obligation to, update or alter its forward-looking statements, whether
as a result of new information, future events, or otherwise.
About Rogers Communications Inc.
Rogers Communications is a diversified public Canadian communications
and media company. We are Canada’s largest provider of wireless
communications services and one of Canada’s leading providers of cable
television, high-speed Internet and telephony services. Through Rogers
Media, we are engaged in radio and television broadcasting, televised
shopping, magazines and trade publications, sports entertainment, and
digital media. We are publicly traded on the Toronto Stock Exchange
(TSX: RCI.A and RCI.B) and on the New York Stock Exchange (NYSE: RCI).
For further information about the Rogers group of companies, please
SOURCE Rogers Communications Inc.