TORONTO – Rogers Communications Inc. (TSX:RCI.B) says it is preparing to issue US$1.5 billion worth of debt securities in the United States.
The Toronto-based company says the net proceeds are expected to be used for general corporate purposes.
Rogers, which says it is filing the necessary documents with the US Securities and Exchange Commission, expects the sale to close on Oct. 2, 2013.
The debt securities are not being offered in Canada or to any resident in Canada.
Rogers is Canada’s largest cable TV operator, a major magazine publisher, TV and radio broadcaster and owner of the Toronto Blue Jays.