Rogers extends consent period for $350 million 6.25% notes to June 13

By Toni Weeks

San Luis Obispo, Calif., May 29 - Rogers Communications Inc. said that subsidiary Rogers Communications Finance Inc. has extended the consent payment period for its tender offer and consent solicitation for the parent company's $350 million of 6.25% senior notes due 2013.

According to a press release, the consent payment deadline is now 8 a.m. ET on June 13, the same as the expiration date for the offer. Although the consent payment deadline has been extended from the previously announced deadline of 5 p.m. ET on May 29, holders who have already tendered their notes may no longer validly withdraw them.

As noted before, the company is offering $1,002.50 per $1,000 principal amount of notes. The total includes a consent payment of $2.50 per $1,000, which will now be offered to all holders who tender their notes.

Rogers will also pay accrued interest up to but excluding the settlement date, which is expected to be June 13.

Notes not tendered will be paid at par at their maturity on June 17.

The consent solicitation is to amend the note indenture.

Rogers is a Toronto-based telecommunications and media company.

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