DBRS Rates Cogeco’s US$215 Million Senior Secured Notes Issue BBB (low) / RR1, Stable

DBRS has today assigned a rating of BBB (low)/RR1 to Cogeco Cable Inc.’s (Cogeco or the Company) US$215 million 4.30% Senior Secured Notes issuance (the Notes) maturing on June 16, 2025. Cogeco completed the Notes issuance on June 27, 2013.

The Company will use the net proceeds from the offering, together with borrowings under its bank credit facilities, to redeem its $300 million Senior Secured Debentures, Series 1, due June 9, 2014.

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

The applicable methodology is Rating the Communications Industry (April 2011), which can be found on our website under Methodologies.