Rogers gets tenders for 67.8% of 6.375% senior notes due March 1, 2014

By Susanna Moon

Chicago, Feb. 27 - Rogers Communications Inc. holders had tendered $508,405,000 principal amount, or 67.8%, of its 6.375% senior notes due March 1, 2014 by the end of the offer at 8 a.m. ET on Feb. 27, according to an 8-K filing with the Securities and Exchange Commission.

The company also is tendering for the outstanding $350 million principal amount of 5.5% senior notes due March 15, 2014 issued by Rogers, which will continue until 8 a.m. ET on March 13.

Rogers Data is also soliciting consents to amend the note indentures.

As previously announced, the company's wholly owned subsidiary, Rogers Data Centres Alberta Inc., began the tender offers for two series of notes on Jan. 29. The $750 million principal amount of 6.375% notes was issued by Rogers Communications Partnership and Rogers.

Rogers then said on Feb. 11 that Rogers Data extended the consent payment date in the tender offers for two series of notes to coincide with the expiration dates.

Holders who tender their notes in the offers will receive a consent payment of $2.50 per $1,000 principal amount. Originally, only holders who tendered by 5 p.m. ET on Feb. 11 would have received the consent payment.

The tender offer payment will be par for each $1,000 principal amount of notes plus accrued interest to but excluding the settlement date of Feb. 27 for the 6.375% notes and March 13 for the 5.5% notes.

Rogers is a Toronto-based telecommunications and media company.

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