Rogers Communications Prices $3B Canadian Private Placement Of Senior Notes
Portfolio Pulse from Benzinga Newsdesk
Rogers Communications Inc. (RCI) has priced a Canadian private placement of four series of Canadian dollar denominated senior notes with an aggregate principal amount of $3 billion. The net proceeds from the issuance of the Notes will be approximately $2.97 billion.
September 08, 2023 | 6:21 am
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Rogers Communications has raised $3 billion through a private placement of senior notes. This could provide the company with additional capital for growth or debt repayment.
The successful pricing of the private placement indicates investor confidence in Rogers Communications. The raised capital could be used for various purposes such as funding growth initiatives or repaying existing debt, which could potentially improve the company's financial health and boost its stock price in the short term.
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