COGECO CABLE ENTERS INTO A SWAP AGREEMENT TO FIX A PORTION OF ITS EURO DENOMINATED FLOATING RATE TERM FACILITY
PRESS RELEASE
For immediate release
Cogeco Cable enters into a swap agreement to fix a portion of its
Euro denominated floating rate Term Facility
Montreal, January 22, 2009 – Cogeco Cable announces that it has entered into a swap
agreement with a financial institution to fix the floating benchmark interest rate with respect to
the Euro denominated Term Loan facilities for a notional amount of €111.5 million.
The interest swap rate to hedge the term Loans has been fixed at 2.08% until their maturity date
of July 28, 2011. The notional value of the swap will reduce in line with the amortization
schedule of the Term Loans. In addition to the interest swap rate of 2.08%, Cogeco Cable will
continue to pay the applicable margin on these Term Loans in accordance with its Term Facility.
ABOUT COGECO CABLE
Cogeco Cable (www.cogeco.ca), is a telecommunications company and 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 customers with Audio, Analogue and Digital Television, as well as HSI and
Telephony services. Cogeco Cable also provides, to its commercial customers, data networking,
e-business applications, video conferencing, hosting services, Ethernet, private line, VoIP, HSI
access, dark fibre, data storage, date security and co-location services and other advanced
communication solutions. Cogeco Cable’s subordinate voting shares are listed on the Toronto
Stock Exchange (TSX: CCA).
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Information: Marie Carrier
Director, Corporate Communications
Tel: 514 764-4761