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On February 6, 2025, Cogeco Communications Inc. successfully completed its offering of $325 million in 4.743% senior secured notes, maturing on February 6, 2035. The offering was executed through a syndicate of agents led by BMO Nesbitt Burns Inc. and CIBC World Markets Inc. as joint bookrunners and co-lead managers. National Bank Financial Inc. also served as a co-lead manager, while Desjardins Securities Inc., Merrill Lynch Canada Inc., RBC Dominion Securities Inc., MUFG Securities (Canada), Ltd., TD Securities Inc., and Casgrain & Company Limited participated as co-managers.
Proceeds from the offering will be used to repay existing debt and for general corporate purposes, supporting Cogeco Communications' ongoing financial strategy.
The syndicate of agents received legal counsel from McCarthy Tétrault LLP. The firm’s advisory team was led by Patrick Boucher and Vincent Laurin, and included Samuil Stoychev and Elizabeth Yu (Business), as well as Marjolaine Hémond Hotte and Étienne Guertin (Financial Services).
Parties
Company
Cogeco Communications Inc.
Bank
BMO Nesbitt Burns Inc.
Bank
CIBC World Markets Inc.
Bank
National Bank Financial Inc.
Bank
Desjardins Securities Inc.
Company
Merrill Lynch Canada Inc.
Bank
RBC Dominion Securities Inc.
Company
MUFG Securities (Canada), Ltd.
Bank
TD Securities Inc.
Company
Casgrain & Company Limited
Deal Type
Public/Private OfferingIndustry
InfrastructureTransaction
$ 325,000,000Deal Status
ClosedClosing Date
06 February 2025