Rogers Communications Inc. Commences Exchange Offer for Notes Issued in Connection with Prior Private Offering

TORONTO, June 23, 2023 (GLOBE NEWSWIRE) -- Rogers Communications Inc. (“Rogers”) today announced that it has commenced its offer to eligible holders to exchange (the “Exchange Offer”) any and all of the US$7,050,000,000 aggregate principal amount of its outstanding senior notes previously issued pursuant to an exemption from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”), as set forth in the table below (the “Restricted Notes”), for an equal principal amount of new notes registered under the Securities Act (the “Exchange Notes”).

The following table sets forth the outstanding aggregate principal amount of each series of Restricted Notes. The Exchange Offer consists of an offer to exchange up to the entire aggregate principal amount of each series of Restricted Notes for an equal principal amount of the corresponding series of Exchange Notes.

The terms of the Exchange Notes to be issued in the Exchange Offer are substantially identical to the terms of the corresponding series of Restricted Notes, except that the Exchange Notes will be registered under the Securities Act and the transfer restrictions, registration rights and additional interest provisions applicable to the Restricted Notes will not apply to the Exchange Notes. The Exchange Notes will represent the same debt as the Restricted Notes, and Rogers will issue the Exchange Notes under the same indenture that governs the applicable series of Restricted Notes.

Title of Series of Notes	Aggregate Principal Amount Outstanding	CUSIP	ISIN
2.95% Senior Notes due 2025	US$1,000,000,000	775109 CA7 / C7923Q AE8	US775109CA78 / USC7923QAE82
3.20% Senior Notes due 2027	US$1,300,000,000	775109 CB5 / C7923Q AF5	US775109CB51 / USC7923QAF57
3.80% Senior Notes due 2032	US$2,000,000,000	775109 CC3 / C7923Q AG3	US775109CC35 / USC7923QAG31
4.50% Senior Notes due 2042	US$750,000,000	775109 BZ3 / 7923Q AD0	US775109BZ39 / USC7923QAD00
4.55% Senior Notes due 2052	US$2,000,000,000	775109 CD1 / C7923Q AH1	US775109CD18 / USC7923QAH14

Rogers will accept for exchange any and all Restricted Notes validly tendered and not validly withdrawn prior to 5:00 p.m., New York City time, on July 25, 2023 (the “Expiration Date”), unless extended. Prior to the Expiration Date, tenders of Restricted Notes may be withdrawn according to the procedures described in the Prospectus (as detailed below). The settlement date will be promptly after the Expiration Date and is expected to be within two business days after the Expiration Date.