Rogers Communications Inc. has priced a US$1 billion U.S. public offering of fixed-to-fixed rate subordinated notes alongside a Cdn$600 million Canadian private placement of fixed-to-fixed rate subordinated notes. The U.S. offering consists of two series: US$500 million of 7.150% notes due 2057 and US$500 million of 7.400% notes due 2057, while the Canadian private placement comprises Cdn$600 million of 6.000% notes due 2057. Net proceeds are expected to be approximately US$990 million from the U.S. notes and Cdn$595 million from the Canadian notes, and Rogers will use them to redeem or purchase in full or in part its 5.00% Fixed-to-Fixed Rate Subordinated Notes due 2081 and/or its 5.25% Fixed-to-Fixed Rate Subordinated Notes due 2082. Both offerings are expected to close on September 23, 2026, subject to customary closing conditions. The U.S. notes are being issued under a prospectus supplement and accompanying prospectus filed with the SEC as part of an effective shelf registration statement on Form F-10, while the Canadian notes were offered exclusively to persons resident in a Canadian province through a syndicate of agents on a private placement basis and will not be sold to investors outside of Canada.
Rogers Communications IncRogers prices US$1B US notes and Cdn$600M Canadian private placement to refinance existing subordinated notes.
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