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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.