COGECO CABLE COMPLETES PRIVATE PLACEMENT ISSUE OF SENIOR SECURED NOTES FOR APPROXIMATELY CDN $257 MILLION
PRESS RELEASE
For immediate release
COGECO CABLE COMPLETES PRIVATE PLACEM ENT ISSUE
OF SENIOR SECURED NOTES FOR APPROXIMATELY CDN $257 MILLION
Montréal, October 1, 2008 — Cogeco Cable Inc. announced today that it has completed, pursuant
to a private placement, the issue of 7.00% Series A Senior Secured Notes for US $190 million
maturing October 1, 2015, and 7.60% Series B Senior Secured Notes for CDN $55 million maturing
October 1, 2018. Interest on these Notes is payable semi-annually in arrears on April 1 and October
1 of each year commencing April 1, 2009. The aggregate gross proceeds from the issue of these
Notes amount to approximately CDN $257 million. Net proceeds of approximately
CDN $255 million, after underwriters’ fees and other expenses, will be applied to repay Cogeco
Cable’s maturing debt and reduce bank debt.
In addition, Cogeco Cable has completed today a cross-currency swap agreement with financial
institutions to fully hedge its financial obligations with respect to the US denominated Series A
Senior Secured Notes. Taking into consideration the cross-currency swap agreements, the interest
rate effectively incurred by Cogeco Cable for the Series A Senior Secured Notes is 7.24%.
ABOUT COGECO CABLE
Cogeco Cable (www.cogeco.ca), a telecommunications company offering a diverse range of
services to its customers in Canada and Portugal, is the second largest cable operator in Ontario,
Québec and Portugal, in terms of the number of Basic Cable service customers served. Through its
two-way broadband cable networks, Cogeco Cable provides its residential and commercial
customers with Analogue and Digital Television, High Speed Internet and Telephony services. The
Corporation provides approximately 2,676,000 revenue generating units (RGUs) to 2,410,000
homes passed in its Canadian and Portuguese service territories. Cogeco Cable’s subordinate
voting shares are listed on the Toronto Stock Exchange (TSX: CCA).
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Source: Pierre Gagné
Vice President, Finance and Chief Financial Officer
Tel.:514 764-4700
Information: Marie Carrier
Director, Corporate Communications
Tel.: 514 764-4700