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Published on 6/13/2013 in the Prospect News Canadian Bonds Daily, Prospect News Investment Grade Daily and Prospect News Liability Management Daily.

Rogers Communications obtains tenders for 83.3% of 6.25% notes

By Jennifer Chiou

New York, June 13 - Rogers Communications Inc. said that subsidiary Rogers Communications Finance Inc. received tenders for $291,695,000, or 83.3%, of notes in the tender offer and consent solicitation for the parent company's $350 million of 6.25% senior notes due 2013.

The offer and consent solicitation ended at 8 a.m. ET on June 13.

The consent payment deadline was previously pushed back to coincide with the expiration date of the offer. The previously announced deadline was 5 p.m. ET on May 29.

Rogers paid $1,002.50 per $1,000 principal amount of notes. The total included a consent payment of $2.50 per $1,000, which was offered to all holders who tendered their notes. The company also paid accrued interest up to June 13.

As previously reported, notes not tendered will be paid at par at their maturity on June 17.

Rogers is a Toronto-based telecommunications and media company.


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