DBRS Rates Cogeco Cable Inc.’s $200 Million Debentures Offering BBB (low), Stable Trend

DBRS has today assigned a rating of BBB (low) to Cogeco Cable Inc.’s (Cogeco Cable or the Company) issuance of $200 million 4.925% Senior Secured Debentures maturing on February 14, 2022. The trend is Stable.

This debt issuance was initiated by Cogeco Cable today for settlement on or around February 14, 2012. The Notes will be issued by way of supplement under its short-form base shelf prospectus dated December 16, 2010, and reference the trust indenture dated November 16, 2010.

DBRS expects Cogeco Cable to use the proceeds from this issue to repay borrowings under its term revolving credit facility and any remaining proceeds for working capital and general corporate purposes.

Notes:
All figures are in Canadian dollars unless otherwise noted.

The applicable methodology is Rating the Communications Industry, which can be found on our website under Methodologies.