Cogeco Cable Closes Public Debt Offering C$300 Million 4.175% Senior Secured Debentures Series “4” due May 26, 2023
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Cogeco Cable Closes Public Debt Offering
C$300 Million 4.175% Senior Secured Debentures Series “4” due May 26, 2023
Montreal, May 27, 2013 – Cogeco Cable Inc. (TSX: CCA) (“Cogeco Cable”) today announced the successful
closing of its previously announced public debt offering of C$300 Million 4.175% Senior Secured Debentures
Series “4” (the “Debentures”). The debentures will 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.
The offering was made pursuant to a prospectus supplem ent dated May 22, 2013, to Cogeco Cable’s short form
base shelf prospectus dat ed May 10, 20 13, filed with the securiti es regulator y author ities in each of the provinces
and territories in Canada.
The Debentures have not been and will not be registered under the United States Securities Act 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. This news release
shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the
Debentures in any state in which such offer, solicitation or sale would be unlawful.
Copies of the short form base shelf prospectus and the prospectus supplement relating to the offering of the
Debentures filed with securities regulatory authorities are availab le el ec tronic a ll y 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 Florida, Maryland,
Delaware an d Sout h Caroli na. I ts t wo-way b ro adb and c able ne t works provi de to it s res iden tia l and small busi nes s
customers Analog and Digital Television, High Speed Internet (HSI) and Telephony services. Through its
subsidiaries, Cogeco Data Services and PEER 1 Hosting, Cogeco Cable provides its commercial customers a
suite of IT hosting, information and communications technology services (Data Centre, Co-location, Managed
Hosting, Cloud Infrastructure and Connectivity) with 23 data centres, extensive fibre networks in Montreal and
Toronto as well as points-of-presence in North America 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 som e cases , can be ident ified by term inolog y such as "m ay"; "will"; "sh ould"; "exp ect"; "plan "; "antici pate";
"believe"; "intend"; "estimate"; "predict"; "potential"; "continue"; "foresee", "ensure" or other similar expressions
concerning matter s that are not hist orica l facts . In addition, st atem ents regarding C ogeco Ca ble’s f uture oper ating
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
availab le to C ogeco Cable , they ma y prove to be incorr ect. Cogeco Ca ble cautions the r eader that th e econom ic
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 Cab le ’s ex pec tat ions . It is imposs ible for Cogeco Cable to predict with c er tai nty the im pact tha t
the current economic uncertainties may have on future results. Forward-looking information is also subject to
certain factors, including risks and uncertainties that could cause actual results to differ materially from what
Cogeco Cable currently 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 ha vin g tec hn olo gi cal or other ad vant ag es , man y of whic h are beyond C ogeco C a ble’s c ontrol. Theref ore,
future events and results 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
managem ent's discus sion and analysis of Cogeco Cable f or the year ended August 31, 2012 and m anagem ent'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 an y other date. While management ma y elect t o, Co gec o Ca bl e i s under no ob li gat ion, 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