Rogers Communications announces results, upsize of cash tender offers

Rogers Communications (RCI) announced the release of the results of its previously announced eight separate offers to purchase for cash any and all of the outstanding notes of each series listed, and that Rogers is increasing the aggregate Total Consideration payable for all Notes it will accept for purchase in the Offers, excluding accrued but unpaid interest, from the previously announced amount of $1,250,000,000 to $1,400,000,000. The increased Consideration Cap Amount is sufficient to enable Rogers to accept for purchase all 4.350% Senior Notes due 2049, 3.700% Senior Notes due 2049, 4.300% Senior Notes due 2048, 4.500% Senior Notes due 2043 and 5.000% Senior Notes due 2044, in each case, that were validly tendered prior to or at the Expiration Date and not validly withdrawn. According to information provided by D.F. King & Co., the Information and Tender Agent in connection with the Offers, $2,765,201,000 combined aggregate principal amount of Notes were validly tendered prior to or at the Expiration Date and not validly withdrawn. In addition, $24,666,000 combined aggregate principal amount of Notes were tendered pursuant to the Guaranteed Delivery Procedures and remain subject to the Holders’ performance of the delivery requirements under such procedures.