The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Globe Investor

News Sources

Take control of your investments with the latest investing news and analysis

Press release from Marketwire

CORRECTION FROM SOURCE/Cogeco Cable Inc. Announces Determination of Prepayment Price for the 5.95% Series 1 Senior Secured Debentures Due 2014

Wednesday, July 31, 2013

CORRECTION FROM SOURCE/Cogeco Cable Inc. Announces Determination of Prepayment Price for the 5.95% Series 1 Senior Secured Debentures Due 2014

17:02 EDT Wednesday, July 31, 2013

MONTREAL, QUEBEC--(Marketwired - July 31, 2013) -

This document corrects and replaces the press release that was sent on July 24th 2013 at 12:48 PM EDT.

Cogeco Cable Inc. (TSX:CCA) ("Cogeco Cable") announced today that it has determined the prepayment price for its outstanding $300 million principal amount of 5.95% Series 1 Senior Secured Debentures due June 9, 2014 (the "2009 Debentures"). The prepayment price is $103.392 per $100 of the principal amount of the 2009 Debentures and the accrued interest on the prepayment date is $0.8151 per $100 of the principal amount.

The prepayment of the 2009 Debentures will be completed on July 29, 2013 and the aggregate prepayment price will be paid out of the net proceeds of Cogeco Cable's recently completed private placement of 4.30% US $215 million Senior Secured Notes due June 16, 2025 along with drawings under its bank credit facilities.


Cogeco Cable ( is a telecommunications corporation and is the11th largest hybrid fiber coaxial cable operator in North America operating in Canada under the Cogeco Cable brand name in Quebec and Ontario, and in the United States through its subsidiary Atlantic Broadband in Western Pennsylvania, South Florida, Maryland, Delaware and South Carolina. Its two-way broadband cable networks provide to its residential and small business customers Analogue and Digital Television, High Speed Internet («HSI») and Telephony services. Through its subsidiaries Cogeco Data Services and PEER 1 Hosting, Cogeco Cable provides its commercial customers a suite of IT hosting, information and communications technology services (Data Centre, Co-location, Managed Hosting, Cloud Infrastructure and Connectivity), with 23 data centres, extensive fiber networks in Montreal and Toronto as well as points-of-presence in North America and Europe. Cogeco Cable's subordinate voting shares are listed on the Toronto Stock Exchange (TSX:CCA). For more information about Cogeco Cable and its subsidiaries visit,, and


Certain statements contained or incorporated by reference in this press release may constitute forward-looking information within the meaning of securities laws. Forward-looking information may relate to Cogeco Cable's future outlook and anticipated events, business, operations, financial performance, financial condition or results and, in some cases, can be identified by terminology such as "may"; "will"; "should"; "expect"; "plan"; "anticipate"; "believe"; "intend"; "estimate"; "predict"; "potential"; "continue"; "foresee", "ensure" or other similar expressions concerning matters that are not historical facts. In particular, statements regarding the Corporation's future operating results and economic performance and its objectives and strategies are forward-looking statements. These statements are based on certain factors and assumptions including expected growth, results of operations, performance and business prospects and opportunities, which Cogeco Cable believes are reasonable as of the current date. While management considers these assumptions to be reasonable based on information currently available to the Corporation, they may prove to be incorrect. The Corporation cautions the reader that the economic downturn experienced over the past few years makes forward- looking information and the underlying assumptions subject to greater uncertainty and that, consequently, they may not materialize, or the results may significantly differ from the Corporation's expectations. It is impossible for Cogeco Cable to predict with certainty the impact that the current economic uncertainties may have on future results. Forward-looking information is also subject to certain factors, including risks and uncertainties (described in the "Uncertainties and main risk factors" section of the Corporation's 2012 annual MD&A and its quarterly MD&As for the period ended February 28, 2013 as well as for the period ended May 31, 2013) that could cause actual results to differ materially from what Cogeco Cable currently expects. These factors include risks pertaining to markets and competition, technology, regulatory developments, operating costs, information systems, disasters or other contingencies, financial risks related to capital requirements, human resources, controlling shareholder and holding structure, many of which are beyond the Corporation's control. Therefore, future events and results may vary significantly from what management currently foresees. The reader should not place undue importance on forward-looking information and should not rely upon this information as of any other date. While management may elect to, the Corporation is under no obligation and does not undertake to update or alter this information at any particular time, except as may be required by law.


Contact Information:
Andree Pinard
Vice-President and Treasurer

  • The Globe and Mail Newspaper

    Newspaper delivered to your doorstep. subscribe

  • Globe Unlimited

    Digital all access pass across devices. subscribe

  • The Globe and Mail App

    The New Globe and Mail App for iPhone®, iPad® and Apple Watch download

  • Globe2Go

    The digital replica of our newspaper. subscribe

  • Globe eBooks

    A collection of articles by the Globe. subscribe

See all Globe Products

Advertise with us

Your number one partner for reaching Canada's Influential Achievers. learn more

The Globe at your Workplace
Our Company
Secure Service
Customer Service
Advertising Privacy
Globe Recognition
Mobile Apps
Other Sections