COGECO CABLE INC. ANNOUNCES PRICING OF US$400 MILLION OF 4.875% SENIOR NOTES DUE 2020
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR
DISSEMINATION IN THE UNITED STATES
PRESS RELEASE
FOR IMMEDIATE RELEASE
COGECO CABLE INC. ANNOUNCES PRICING OF US$400 MILLION OF 4.875% SENIOR
NOTES DUE 2020
Montreal, April 18, 2013 – Cogeco Cable Inc. (TSX: CCA) (the “Company” or “Cogeco Cable”)
announced today that it has priced its previously announced private offering of US$400 million
aggregate principal amount of 4.875% senior unsecured notes due 2020 (the “notes”) and has
entered into a purchase agreement with a syndicate of initial purchasers in connection with such
offering. The offering is expected to close on or about April 23, 2013, subject to customary
closing conditions.
The Company intends to use the net proceeds from the offering, together with borrowings under
one of its senior secured credit facilities, to repay the term loan tranches of the senior secured
credit facilities the Company entered into in connection with its acquisition of PEER 1 Network
Enterprises, Inc. in January 2013.
The notes and guarantees have not been, and will not be, registered under the U.S. Securities
Act of 1933, as amended (the “Securities Act”). The notes and guarantees have not been, and
will not be, qualified for sale to the public under applicable Canadian securities laws.
Accordingly, the notes and guarantees will be offered only to “qualified institutional buyers” (as
defined under Rule 144A under the Securities Act) in accordance with Rule 144A under the
Securities Act and to non-U.S. persons outside of the United States in compliance with
Regulation S under the Securities Act. The offering will be made on a private placement basis
to accredited investors in one or more provinces of Canada pursuant to exemptions from the
prospectus requirements of applicable Canadian securities laws.
This press release does not constitute an offer to sell or the solicitation of an offer to buy notes
and guarantees in any jurisdiction in which such an offer or sale would be unlawful.
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 and South Carolina. Its two-way
broadband cable networks provide to its residential and small business 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).
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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 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 having
technological or other advantages, many of which are beyond Cogeco Cable’s control.
Therefore, 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 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 six months 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: Alex Tessier
Vice President, Corporate Development
Tel.: 514-764-4757