COGECO CABLE INC. – ANNOUNCES BOUGHT DEAL FINANCING
PRESS RELEASE
COGECO CABLE INC. – ANNOUNCES BOUGHT DEAL FINANCING
Cogeco Cable Inc. (“Cogeco Cable”) has announced today that it has entered into an agreement
with a syndicate of underwriters led by BMO Capital Markets, including CIBC World Markets
Inc., GMP Securities L.P., Scotia Capital Inc., Desjardins Securities Inc. and National Bank
Financial Inc., under which the underwriters have agreed to buy on bought deal basis by way of
a short form prospectus, 3,000,000 Subordinate Voting Shares (the “Subordinate Voting
Shares”), at a price of $51.15 per Subordinate Voting Share for gross proceeds of $153,450,000.
The net proceeds of the offering will be used to reduce indebtedness and for general corporate
purposes. The offering is expected to close on or about August 9, 2007 and is subject to Cogeco
Cable receiving all necessary regulatory approvals.
The securities offered have not been registered under the U.S. Securities Act of 1933, as
amended, and may not be offered or sold in the United States absent registration or an applicable
exemption from the registration requirements. This press release shall not constitute an offer to
sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State
in which such offer, solicitation or sale would be unlawful.
Not for distribution to U.S. news wire services or dissemination in the United States.
For additional information please contact:
Cogeco Cable Inc.
Alex Tessier
Treasurer
Tel: 514-874-0540