Rogers Wireless Completes Private Placement of US$2,356 Million of Notes
30 November 2004 - 4:48PM
PR Newswire (US)
Rogers Wireless Completes Private Placement of US$2,356 Million of
Notes TORONTO, Nov. 30 /PRNewswire-FirstCall/ -- Rogers Wireless
Communications Inc. ("RWCI") and Rogers Communications Inc. ("RCI")
jointly announced today that Rogers Wireless Inc. ("Rogers
Wireless"), a wholly owned subsidiary of RWCI, has completed a
private placement in an aggregate principal amount of approximately
US$2,356 million (approximately Cdn$2,807 million based on the
November 19, 2004 noon rate of exchange as reported by the Bank of
Canada). The private placement consisted of Cdn$460 million 7.625%
Senior (Secured) Notes due 2011, US$550 million Floating Rate
Senior (Secured) Notes due 2010, US$470 million 7.25% Senior
(Secured) Notes due 2012, US$550 million 7.50% Senior (Secured)
Notes due 2015 and US$400 million 8.00% Senior Subordinated Notes
due 2012 (collectively, the "Notes"). The offering, which was
announced on November 12, 2004, was made pursuant to Rule 144A and
Regulation S under the Securities Act of 1933, as amended (the
"Securities Act"), in the United States and pursuant to private
placement exemptions in certain provinces of Canada. The Notes have
not been registered under the Securities Act and may not be offered
or sold in the United States absent registration or an applicable
exemption from registration requirements. This press release is not
an offer of the Notes for sale or a solicitation of an offer to
purchase the Notes in the United States or Canada. The Notes have
not been and will not be qualified for distribution under the
securities laws of any province or territory of Canada except
pursuant to prospectus exemptions. Cautionary Statement Regarding
Forward Looking Information: This news release includes certain
forward looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995 that involve risks and
uncertainties. Rogers Communications Inc. and Rogers Wireless
Communications Inc. (the "Companies") caution that actual future
events will be affected by a number of factors, including
technological change, regulatory changes and competitive factors,
many of which are beyond the Companies' control, and therefore may
vary substantially from what they currently foresee. The Companies
are under no obligation to (and expressly disclaim any such
obligation to) update or alter any forward looking statements
whether as a result of new information, future events or otherwise.
Important additional information identifying risks and
uncertainties is contained in the most recent Annual Reports,
Annual Information Forms and other periodic securities filings for
the Companies filed with the applicable Canadian securities
regulatory authorities and the U.S. Securities and Exchange
Commission. About the Companies: Rogers Wireless Communications
Inc. (TSX: RCM; NYSE: RCN) is Canada's leading provider of wireless
services and operates Canada's largest integrated wireless voice
and data network, providing advanced voice and wireless data
solutions to customers from coast to coast on its GSM/GPRS network,
the world standard wireless communications technology. Giving
effect to the recent acquisition of Microcell Telecommunications,
Rogers Wireless has over 5.5 million customers, and has offices in
Canadian cities across the country. Rogers Wireless Communications
Inc. is approximately 89% owned by Rogers Communications Inc.
Rogers Communications Inc. (TSX: RCI; NYSE: RG) is a diversified
Canadian communications and media company. It is engaged in cable
television, high- speed Internet access and video retailing through
Canada's largest cable television provider, Rogers Cable Inc.; in
wireless voice and data communications services through Canada's
largest wireless provider and the only provider operating on the
GSM/GPRS world standard technology platform, Rogers Wireless
Communications Inc.; and in radio, television broadcasting,
televised shopping and publishing businesses through Rogers Media
Inc. DATASOURCE: Rogers Communications Inc. CONTACT: Bruce M. Mann,
(416) 935-3532, ; Eric A. Wright, (416) 935-3550, ; Archived images
on this organization are available through CNW E-Pix at
http://www.newswire.ca/. Images are free to members of The Canadian
Press.
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