Cogeco Cable Announces a $300 Million Bought Deal of 4.175% Senior Secured Debentures Series “4” due May 26, 2023
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OR OVER UNITED STATES NEWS WIRE SERVICES
PRESS RELEASE
For immediate release
Cogeco Cable A nnounces a $300 Million Bought Deal of
4.175% Senior Secured Debentures Series “4” due May 26, 2023
Montreal, May 22, 2013 – Cogec o Cabl e Inc. (T SX: CCA) (“Cogeco C able”) t oda y announce d the pr icing
of a public debt off ering, on a bought deal basis, of C $300 Mil lion Senior Secured Debent ures Series “ 4”
(the “Debentures”). The offering is being made through a syndicate of underwriters led by CIBC World
Markets Inc. and which also includes BMO Nestbitt Burns Inc., National Bank Financial Inc., Scotia
Capital Inc., RBC Dominion Securities Inc., Desjardins Securities Inc., TD Securities Inc., HSBC
Securities (Canada) Inc. and Casgrain & Company Limited.
The inter est rate of the De bentures was set at 4.175 %. Interest on the Debent ures will be payable sem i-
annually on May 26 and November 26, with the first interest payment on November 26, 2013. The
Debentures will have a term of 10 years and mature on May 26, 2023.
The net proceeds from the offering will be used to repay a portion of the amount outstanding under
Cogeco Cable’s term revolving credit facilities. Cogeco Cable is committing to set aside the resulting
increase in the unused amount under these revolving credit facilities to repay the $300 million Senior
Secured Debentures, Series “1” set to mature on June 9, 2014. Closing of the offering is expected to
occur on or about May 27, 2013.
Cogeco Cable is offering the Debentures to the public pursuant to a prospectus supplement to its short
form base shelf prospectus dated May 10, 2013, which will be filed with the securities regulatory
authorities in each of the provinces and territories of Canada.
The Debent ures have no t been and will not be reg istered un der the Unit ed States Securities Ac t of 1933,
as amended (the “U.S. Securities Act"), and any state securities laws, and may not be offered, sold or
delivered within the United States or to, or for the account or benefit of, U.S. persons except in
transactions exempt from the registration requirements of the U.S. Securities Act and applicable state
securities laws. T his news release s hall not c onstitute an of fer to sel l or the s olicitatio n of an of fer to bu y,
nor shall ther e be a n y sale of the Debentures in any state in which s uc h of f er , solic itation or s ale wo uld be
unlawful.
Copies of the short f orm base she lf prospectus and the pr ospectus supp lement relating to th e offering of
the Debentures to be filed with securities regulatory authorities will be available electronically at
www.sedar.com
.
ABOUT COGECO CABLE
Cogeco Cable is a telecommunications corporation and is the 11th largest hybrid fibre coaxial cable
operator in North America, operating in Canada under the Cogeco Cable brand name, in Quebec and
Ontario, and in the United States through its subsidiary, Atlantic Broadband in Western Pennsylvania,
South Flor ida, Maryla nd, D elawar e and South Caro lina. I ts tw o-way broadb and cabl e net work s provi de to
its residen ti al a nd small bus iness c us tomers Analog a nd Di git al T ele visi on, H igh Spe ed Int er net ( H SI) and
Telepho ny servic es. T hrough its s ubsidiari es, Cogec o Data Ser vices and PEER 1 H osting, Cogec o Cabl e
provides its commercial customers a suite of IT hosting, information and communications technology
services ( Data Centre, Co-location, M ana ged Hostin g, Clou d Inf r as tr uctur e an d C onnec t iv ity) with 23 data
centres, ex tens ive fi bre n etwor ks in Montr eal and T oronto as we ll as points -of-presence i n N orth Am er ica
and Europe. Cogeco Cable 's subordinate voting shares are listed on the Toronto Stock Exchange (TSX:
CCA).
NOTE REGARDING FORWARD-LOOKING STATEMENTS
Certain statements contained or incorporated by reference in this press release may constitute forward-
looking information within the meaning of securities laws. Forward-looking information may relate to
Cogeco Cable’s future outlook and anticipated events, business, operations, financial performance,
financial condition or results and, in some cases, can be identified by terminology such as "may"; "will";
"should"; "expect"; "plan"; "anticipate"; "believe"; "intend"; "estimate"; "predict"; "potential"; "continue";
"foresee", "ensure" or other similar expressions concerning matters that are not historical facts. In
addition, statements regarding Cogeco Cable’s future operating results and economic performance and
its objectives and strategies are forward-looking statements. These statements are based on certain
factors and assumptions including expected growth, results of operations, performance and business
prospects and opportunities, which Cogeco Cable believes are reasonable as of the current date. While
management considers these assumptions to be reasonable based on information currently available to
Cogeco Cable, they may prove to be incorrect. Cogeco Cable cautions the reader that the economic
downturn experienced over the past few years makes forward-looking information and the underlying
assumptions subject to greater uncertainty and that, consequently, they may not materialize, or the
results may significantly differ from Cogeco Cable’s expectations. It is impossible for Cogeco Cable to
predict with certainty the impact that the current economic uncertainties may have on future results.
Forward-looking information is also subject to certain factors, including risks and uncertainties tha t could
cause actua l results to diff er mat erially from what Co geco Cable current ly expects . These factors include
technological changes, changes in market and competition, governmental or regulatory developments,
general economic conditions, the development of new products and services, the enhancement of
existing products and services, and the introduction of competing products having technological or other
advantages , many of wh ich ar e beyond Cogeco Cabl e’ s c ontrol. Theref ore, f utur e eve nts a nd res ults may
vary significantly from what management currently foresee. For more exhaustive information on these
risks and uncertainties, the reader should refer to the risk factors described in the management's
discussion and analysis of Cogeco Cable for the year ended August 31, 2012 and management's
discussion and analysis of Cogeco Cable for the three and six month periods ended February 28, 2013.
The reader should not place undue importance on forward-looking information and should not rely upon
this information as of any other date. While management may elect to, Cogeco Cable is under no
obligation, and does not undertake to, update or alter this information at any particular time, except as
may be required by law.
Information: Andrée Pinard
Vice President and Treasurer
Tel.: 514-764-4781