Transaction|November 30, 2004
Rogers Cable completes US$427 million private placement of notes
Torys acted as counsel to Rogers Cable in Canada under the direction of in-house counsel Jennifer Warren, Vice-President, Assistant General Counsel of Rogers Cable. The Torys team included Patrice Walch-Watson, John Emanoilidis, Cornell Wright, Suh Kim, John Toffoletto, Kimberley Kowalik, Danial Lam, Andrew Lannon and Michelle Kisluk (corporate), Jim Welkoff and Andrea Shreeram (tax).
On November 30, 2004, Rogers Cable Inc. (Rogers Cable), a wholly owned subsidiary of Rogers Communications Inc., completed a private placement in an aggregate principal amount of approximately US$427 million (approximately C$509 million). The private placement consisted of C$175 million 7.25% senior (secured) second priority notes due 2011 and US$280 million 6.75% senior (secured) second priority notes due 2015. The offering, which was announced on November 12, 2004, was made pursuant to Rule 144A and Regulation S under the Securities Act of 1933 in the United States, and pursuant to private placement exemptions in certain provinces of Canada.