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COGECO Inc. Completes Private Placement Issue of Senior Unsecured Notes for a Total of CDN $35 Million(November 07, 2011)
MONTREAL, QUEBEC -- (Marketwire) -- 11/07/11 -- COGECO Inc. (TSX:CGO) announced today that it has completed, pursuant to a private placement, the issue of 6,50 % Senior Unsecured Notes for a total of CDN $35 million maturing November 7, 2021. Interest on these Notes is payable semi-annually in arrears on November 7 and May 7 of each year commencing May 7, 2012. Net proceeds of CDN $35 million will be applied to reduce COGECO Inc.'s bank debt.
COGECO (www.cogeco.ca) is a diversified communications company. Through its Cogeco Cable subsidiary, COGECO provides its residential customers with Audio, Analogue and Digital Television, as well as HSI and Telephony services using its two-way broadband cable networks. Cogeco Cable also provides, to its commercial customers, through its subsidiary Cogeco Data Services, data networking, e-business applications, video conferencing, hosting services, Ethernet, private line, VoIP, HSI access, data storage, data security, co-location services, managed IT services, cloud services and other advanced communication solutions. Through its Cogeco Diffusion Inc. subsidiary ("CDI"), COGECO wholly-owns and operates 13 radio stations across most of Quebec with complementary radio formats serving a wide range of audiences, as well as Cogeco News, its news agency broadcast in close to 30 independent and community radio stations across Quebec. COGECO's subordinate voting shares are listed on the Toronto Stock Exchange (TSX:CGO). The subordinate voting shares of Cogeco Cable are also listed on the Toronto Stock Exchange (TSX:CCA). Contacts:
Senior Vice President and Chief Financial Officer
Director, Corporate Communications
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