Cogeco Communications Inc. completes private offering of C$325M 4.743% senior secured notes
On February 6, 2025, Cogeco Communications Inc. (“Cogeco Communications”) completed its previously announced offering of $325 million aggregate principal amount of 4.743% senior secured notes due February 6, 2035 (the “Notes”).
The Notes were offered through an agency syndicate consisting of BMO Nesbitt Burns Inc. and CIBC World Markets Inc., as joint bookrunners and co-lead managers, and including National Bank Financial Inc., as co-lead manager, and Desjardins Securities Inc., Merrill Lynch Canada Inc., RBC Dominion Securities Inc., MUFG Securities (Canada), Ltd., TD Securities Inc. and Casgrain & Company Limited, as co-managers.
Cogeco Communications intends to use the net proceeds of the offering to repay existing indebtedness and for other general corporate purposes.
McCarthy Tétrault advised the syndicate of agents with a team led by Patrick Boucher and Vincent Laurin that included Samuil Stoychev and Elizabeth Yu (Business) and Marjolaine Hémond Hotte and Étienne Guertin (Financial Services).
