By Lisa Kerner
Charlotte, N.C., Nov. 7 - Cogeco Inc. completed the private placement of C$35 million of 6.5% senior notes due Nov. 7, 2021.
Proceeds will be used to reduce bank debt, according to a company news release.
Interest on the notes is payable semiannually in arrears on Nov. 7 and May 7 of each year.
Cogeco is a telecommunications company based in Montreal.
| Issuer: | Cogeco Inc.
|
| Issue: | Senior notes
|
| Amount: | C$35 million
|
| Maturity: | Nov. 7, 2021
|
| Coupon: | 6.5%
|
| Settlement date: | Nov. 7
|
| Distribution: | Private placement
|
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