Rogers Communications (RCI) said Friday it has begun consent solicitations to amend the rules governing its outstanding US dollar-denominated and Canadian dollar-denominated notes, including debt originally issued by Shaw Communications.
The solicitations are being made in connection with the subsidiary equity investment announced Friday by Blackstone (BX) and Rogers, which said it intends to use substantially all of net proceeds of the investment to repay debt.
The subsidiary investment will be reported as equity in Rogers' financial statements, and is expected to be considered an equity investment by bond rating agencies, the company said.
Because of the nature of the subsidiary equity investment, Rogers said it is seeking consent from bondholders to implement an amendment to establish that the investment is not counted toward its debt limits.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。