Rogers Communications Completes US$1.75 Billion Offering

On August 6, 2008, Rogers Communications Inc. completed a US$1.75 billion underwritten public offering of debt securities, consisting of US$1.40 billion aggregate principal amount of 6.80 per cent senior notes due 2018 and US$350 million aggregate principal amount of 7.50 per cent senior notes due 2038. The offering was made pursuant to Rogers' short-form base shelf prospectus under the MJDS rules. The net proceeds will be used for general corporate purposes, including the repayment of a portion of Rogers' outstanding debt.

The notes were sold in the United States to a group of underwriters led by JP Morgan Securities Inc. and Citigroup Global Markets Inc.

Rogers was represented in Canada by Davies Ward Phillips & Vineberg LLP with a team comprised of Shawn McReynolds, Scott Hyman, David Wilson, Sonny Bhalla and Greg Harnish (corporate and securities) and Claire Kennedy (tax). In the United States, Rogers was represented by Cravath, Swaine & Moore LLP with a team comprised of Erik Tavzel, Patrick Bright, Jonathan Coleman and Jessica Tones.

The underwriters were represented in Canada by a team from Osler, Hoskin & Harcourt LLP that included Steven Smith, Michael Innes, Adam Grabowski and Alexander Ejsmont (corporate and securities) and Julie A. Colden and Amanda Heale (tax), and in the United States by a team from Shearman & Sterling LLP that consisted of Christopher Cummings, Stephen Centa, Nathalie T. Pierre-Louis and Mahsa Izadpanah (corporate and securities) and Laurence Crouch (tax).