Cogeco Communications Inc. announced that it has priced an offering of $275 million aggregate principal amount of 6.125% senior unsecured notes due February 27, 2029. The Notes are being offered through an agency syndicate consisting of BMO Nesbitt Burns Inc. and CIBC World Markets Inc., as lead agents and joint bookrunners, National Bank Financial Inc., as co-lead manager, and Desjardins Securities Inc., Merrill Lynch Canada Inc., RBC Dominion Securities Inc., MUFG Securities (Canada) Ltd., TD Securities Inc., Scotia Capital Inc., and Casgrain & Company Limited, as co-managers. The offering is expected to close on or about February 27, 2024, subject to customary closing conditions.

Cogeco Communications intends to use the net proceeds of the offering to repay existing indebtedness and for other general corporate purposes. The Notes will be direct and unsubordinated unsecured debt obligations of Cogeco Communications and will rank equally and pari passu with all other unsecured senior indebtedness of Cogeco Communications. The Notes have been assigned a provisional rating of "BB (high)" from DBRS Limited (Morningstar DBRS) with a "Stable" trend and Cogeco Communications expects that the Notes will receive a rating of "BB+" from Standard & Poor's Ratings Services.

The Notes are being offered in Canada on a private placement basis in reliance upon exemptions from the prospectus requirements under applicable securities legislation.