Rogers Communications Inc. Announces Consent Payment Extension and Tender
Offer and Consent Solicitation for U.S. $350,000,000 6.25% Senior Notes due
TORONTO, May 29, 2013
TORONTO, May 29, 2013 /PRNewswire/ - Rogers Communications Inc. ("RCI") today
announced that its wholly-owned subsidiary, Rogers Communications Finance Inc.
("RCFI"), is extending the period during which holders who tender their 6.25%
Senior Notes due 2013 of RCI (CUSIP # 77509NAH6) (the "Notes") will receive
the consent payment of US$2.50 per US$1,000 principal amount of Notes (in
addition to the principal amount and accrued and unpaid interest) under RCFI's
previously announced tender offer and consent solicitation for the Notes. The
consent payment deadline has been extended to 8:00 a.m., New York City time,
on June 13, 2013. The expiration time of the tender offer remains unchanged
and is also 8:00 a.m., New York City time, on June 13, 2013. The settlement
date for the tender offer and consent solicitation is expected to occur on or
about June 13, 2013. Under the terms of the tender offer, holders who have
previously tendered their Notes can no longer validly withdraw those Notes
from the tender offer.
RCFI reserves the right to further amend, terminate or withdraw the tender
offer and consent solicitation, subject to applicable laws. Notes not
tendered and purchased pursuant to the tender offer will remain outstanding,
mature and be paid on June 17, 2013.
The tender offer and consent solicitation is being made solely by means of the
related Offer to Purchase and Consent Solicitation Statement and the Letter of
Transmittal and Consent. Under no circumstances shall this press release
constitute an offer to purchase or the solicitation of an offer to sell the
Notes or any other securities of RCI or its affiliates. It also is not a
solicitation of consents to the proposed amendment to the indenture. No
recommendation is made as to whether holders of the Notes should tender their
Notes or give their consent.
Caution Concerning Forward-Looking Statements
This document includes certain forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995 relating but not
limited to the terms and timing of the tender offer and consent solicitation.
There can be no assurance that the tender offer and consent solicitation will
be completed. Undue reliance should not be placed on forward-looking
information as actual results may differ materially. These statements are
based on management's current expectations or beliefs, and are subject to
uncertainty and changes in circumstances. Actual results may vary materially
from those expressed or implied by the statements herein due to changes in
economic, business, competitive, technological, strategic and/or regulatory
factors, and other factors affecting the operations of RCI.
More detailed information about these factors may be found in filings by RCI
with the SEC, including its most recent Annual Report on Form 40-F. RCI is
under no obligation to, and expressly disclaims any such obligation to, update
or alter its forward-looking statements, whether as a result of new
information, future events, or otherwise.
About Rogers Communications Inc.
Rogers Communications is a diversified public Canadian communications and
media company. We are Canada's largest provider of wireless communications
services and one of Canada's leading providers of cable television, high-speed
Internet and telephony services. Through Rogers Media, we are engaged in radio
and television broadcasting, televised shopping, magazines and trade
publications, sports entertainment, and digital media. We are publicly traded
on the Toronto Stock Exchange (TSX: RCI.A and RCI.B) and on the New York Stock
Exchange (NYSE: RCI). For further information about the Rogers group of
companies, please visit rogers.com.
SOURCE Rogers Communications Inc.
Glenn Brandt (416) 935-3571,email@example.com
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