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Cogeco Communications completes $325 million senior secured notes offering

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).

Company

Cogeco Communications Inc.

Law Firm / Organization
Cogeco Inc.
Lawyer(s)

Paul Cowling

Company

MUFG Securities (Canada), Ltd.

Public/Private Offering
Infrastructure
$ 325,000,000
Closed
06 February 2025