Cogeco Communications Inc. announced a private placement of 2.991% senior secured notes due September 22, 2031 for gross proceeds of CAD 500,000,000 on September 13, 2021. The notes carries a coupon of 2.991%, payable semi-annually and will mature on September 22, 2031. The notes will be direct and unsubordinated secured debt obligations of the company and will rank equally and pari passu, with all other secured senior indebtedness.

The transaction is expected to close on or about September 20, 2021, subject to customary closing conditions.