Cogeco Communications

Press release details


For immediate release
Cogeco Cable Inc. announces the redemption
of 8.44% Second Secured Debentures
Montréal, February 2, 2007 – Cogeco Cable Inc. (TSX: CCA) (the “Corporation”), the second
cable telecommunications company in Québec, Ontario and Portugal, announced today that,
under the governing Trust Indenture dated July 31, 1997, the Corporation has given a notice of
redemption and offer to purchase to the holders of its 8.44% Second Secured Debentures,
Series “A” in the aggregate principal amount of $125,000,000 due July 31, 2007 (the "Notes").
The Corporation is offering to purchase for cancellation on February 12, 2007 (the “Purchase
Date”) all of the validly issued and held Notes from each holder of Notes at a price equal to
$101.995 per $100.00 in principal amounts of the Notes.
Subsequent to the Purchase Date, all outstanding Notes will be redeemed on March 5, 2007
(the "Redemption Date") at a redemption price equal to the greater of the Canada Yield Price
and their principal amount, together with accrued and unpaid interest to the Redemption Date
(the "Redemption Price"). The Redemption Price of the Notes shall be payable upon
presentment and surrender of the Notes at the principal office of the trustee, Montreal Trust
Company of Canada, (the "Trustee") in Montreal, Quebec. Interest on the principal amount of
the Notes called for redemption shall cease to accrue from and after the Redemption Date.
Cogeco Cable (, a telecommunications company offering a diverse range of
services to its customers in Canada and in Portugal, is the second largest cable operator in
Ontario, Québec and Portugal, in terms of the number of basic cable service customers served.
The Corporation invests in state-of-the-art broadband network facilities, delivers a wide range of
services over these facilities with great speed and reliability at attractive prices, and strives to
provide both superior customer care and growing profitability to satisfy its customers’ varied
electronic communication needs. Through its two-way broadband cable networks, Cogeco
Cable provides its residential and commercial customers with analog and digital video and audio
services, high speed Internet access as well as telephony services. The Corporation provides
about 1,649,000 revenue-generating units (RGUs) to approximately 1,439,000 home s passed in
its Canadian service territory and 650,000 RGUs to approximately 829,000 homes passed in its
Portuguese service territory. Cogeco Cable’s subordinate voting shares are listed on the
Toronto Stock Exchange (CCA).
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Information: Pierre Gagné
Vice President, Finance and Chief Financial Officer
Tel.: (514) 874-2600
Marie Carrier
Director, Corporate Communications
Tel.: (514) 874-2600