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Rogers Announces Upsizing and Results of its Cash Tender Offers for Canadian Dollar Debt Securities

TORONTO, July 21, 2025 (GLOBE NEWSWIRE) -- Rogers Communications Inc. ("Rogers" or the "Company") (TSX:RCI, NYSE:RCI) announced (i) the release of the results of its previously announced separate offers (the "Offers") to purchase for cash up to the Maximum Purchase Amount (as defined in the offer to purchase dated July 11, 2025 relating to the Notes (the "Offer to Purchase")) of its outstanding senior notes of the series listed in the table below (collectively, the "Notes"), and (ii) that it has amended the Offers by increasing the Maximum Purchase Amount from C$400,000,000 to an amount sufficient to accept all tendered (1) 4.25% Senior Notes due 2049, (2) 2.90% Senior Notes due 2030 and (3) 3.30% Senior Notes due 2029, in each case in full, and approximately C$300 million principal amount of the 3.25% Senior Notes due 2029.

The Offers

The Offers were made upon the terms and subject to the conditions set forth in the Offer to Purchase. Capitalized terms used but not defined in this news release have the meanings given to them in the Offer to Purchase.

The Offers expired at 5:00 p.m. (Eastern time) on July 18, 2025 (such date and time with respect to an Offer, the "Expiration Date").

According to information provided by TSX Trust Company, the Tender Agent, C$2,168,414,000 combined aggregate principal amount of the Notes were validly tendered in connection with the Offers prior to or at the Expiration Date and not validly withdrawn at or prior to 5:00 p.m. (Eastern time) on July 18, 2025 (the "Withdrawal Date"). The table below provides certain information about the Offers, including the aggregate principal amount of each series of Notes validly tendered and not validly withdrawn prior to the Withdrawal Date.

Title of Notes(1)

PrincipalAmountOutstanding(in millions)

CUSIP / ISINNos.(1)

ReferenceSecurity(2)

BloombergReferencePage(2)

Fixed Spread(BasisPoints)(2)

PrincipalAmountTendered(in millions)

ExpectedPrincipalAmountAccepted(in millions)

4.25% SeniorNotes due2049

C$300

775109CR0 /CA775109CR06

2.75% due12/1/2055

FIT CAN0-50

+135

C$274.4

C$274.4

2.90% SeniorNotes due2030

C$500

775109CS8 /CA775109CS88

1.25% due6/1/2030