Montreal-based Cogeco Cable has priced US$400m seven-year senior unsecured notes.
The private offering, first announced on 15 April, carries a coupon of 4.875% and is expected to close on 23 April.
Cogeco intends to use the proceeds, along with…
Montreal-based Cogeco Cable has priced US$400m seven-year senior unsecured notes.
The private offering, first announced on 15 April, carries a coupon of 4.875% and is expected to close on 23 April.
Cogeco intends to use the proceeds, along with borrowings under one of its senior secured credit facilities, to repay the term loan tranches of the senior secured credit facilities it secured to part fund its acquisition of PEER 1 Network Enterprises agreed in January.
It completed the US$526m purchase early in April. Cogeco entered into US$250m four-year secured revolving credit facilities, and US$400m in four-year secured-term credit facilities, led by National Bank of Canada.
Cogeco offers television, internet and telephony via cable in Ontario and Quebec, and also operates in a number of east coast states in the US through Atlantic Broadband.
