Cogeco Cable sets prepayment price for 7.73% series B notes due 2011

By Susanna Moon

Chicago, Dec. 20 - Cogeco Cable Inc. said it determined the prepayment price for its outstanding C$175 million principal amount of 7.73% series B senior secured notes due Oct. 31, 2011, which will be completed on Dec. 22.

The prepayment price is C$106.11811 per C$100 principal amount of the notes, which includes C$1.10126 of accrued interest on the prepayment date.

Funding for the prepayment will come from proceeds of Cogeco Cable's recently completed public debt offering of C$200 million of 5.15% series 2 senior secured debentures due Nov. 16, 2020.

The Montreal-based television, internet and telephone operator is a subsidiary of communications company Cogeco Inc.

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