Rogers paves way for raising of up to $4B in debt securities
Last Updated: Friday, November 20, 2009 | 08:02 PM EST
Financial Post
TORONTO -- Rogers Communications Inc. filed a preliminary prospectus on Friday that would allow the Toronto-based media and cable company to raise as much as $4-billion in debt securities.
The new shelf prospectus will replace Rogers’ existing shelf prospectus, which is set to expire Dec. 9. The new prospectus, which will be in effect for 25 months after it becomes final, will allow Rogers to raise funds in both the United States and Canada.
Rogers said it also filed a separate preliminary prospectus with the Ontario Securities Commission and the United States Securities and Exchange Commission.
“Rogers has no immediate intention to offer securities pursuant to the shelf prospectuses or registration statement,” the company said in a statement. Roger said the money is to be used for debt repayment, working capital or acquisitions.
ROGERS COMMUNICATIONS INC.; RCIb/TSX; $32.05, down 86¢
Share Tools
Business News from financialpost.com
Top News Headlines
- U.S. bank reforms could hurt Canadians, Flaherty fears
- Canada's finance minister and the governor of the Bank of Canada have formally complained to their American counterparts that proposed banking reforms could harm Canadian banks, business, investors and the government itself. more »
- CBC digital music service launches today
- CBC is diving into the world of online music with the goal of providing listeners access to their favourite tunes, and a way to discover new artists and connect with fellow music fans. more »
- Ontario teachers' union calls for classroom Wi-Fi ban
- Ontario's Catholic schoolteachers are calling for hardwire instead of Wi-Fi in classrooms. more »
- Whitney Houston was found unconscious underwater, police say
- Whitney Houston was underwater and apparently unconscious in a bathtub at the Beverly Hilton Hotel when found, Beverly Hills police said Monday. more »
Latest Business Headlines
- Chinese iPhone, iPad factories inspected
- Chinese factories where Apple devices are assembled are undergoing voluntary audits of their working conditions by an independent workers' rights watchdog that the company recently joined. more »
- Wheat prices steady despite record high stocks
- Wheat prices rose Monday after falling almost five per cent last week and despite estimates world wheat stocks are at all-time highs. more »
- Obama unveils $3.8T budget proposal
- U.S. President Barack Obama unveiled a $3.8 trillion spending plan on Monday for 2013 that seeks to achieve $4 trillion in deficit reduction over the next decade. more »
- Housing market to stay stable, says CMHC
- Canada Mortgage and Housing Corp. is predicting the Canadian housing market will remain fairly stable this year and next, with little change from 2011 in prices, new home construction and sales of existing homes. more »
Lang & O'Leary Exchange
Markets
| Index | Last Trade | Change |
|---|---|---|
| TSX COMPOSITE | 12412.47 | 23.05 |
| DOW | 12887.09 | 85.86 |
| NASDAQ | 2932.16 | 28.28 |
| SP 500 | 1352.46 | 9.82 |
| NYSE COMPOSITE | 8060.16 | 68.11 |
| AMEX | 2432.81 | 14.83 |
| TSX-VENTURE | 1651.04 | -2.51 |
The data on this site is informational only and may be delayed; it is not intended as trading or investment advice and you should not rely on it as such.
