Cogeco Communications

Press release details

COGECO CABLE INC. ANNOUNCES PROPOSED PRIVATE OFFERING OF SENIOR NOTES

PRESS RELEASE
FOR IMMEDIATE RELEASE
COGECO CABLE INC. ANNOUNCES PROPOSED PRIVATE OFFERING OF SENIOR NOTES
Montreal, April 15, 2013 Cogeco Cable Inc. (TSX: CCA) (the “Company” or “Cogeco Cable”) announced today that
it proposes to offer, subject to market and other conditions, US$400.0 million aggregate principal amount of senior
unsecured notes due 2020 (the “notes”) in a private offering.
The notes will be guaranteed by the Company’s wholly-owned restricted subsidiaries that also guarantee the
Company’s obligations under its senior secured credit facilities and senior secured notes and debentures and any of
its restricted subsidiaries that guarantees in the future any other indebtedness of the Company or any subsidiary
guarantor.
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 Analogue
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). For more information about Cogeco Cable and its subsidiaries visit cogeco.ca, cogecodata.com,
peer1.com and peer1hosting.co.uk.
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
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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.
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Information: Alex Tessier
Vice President, Corporate Development
Tel.: 514-764-4757