ROGERS COMMUNICATIONS INC.
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By:
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/s/ Graeme McPhail
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Name: Graeme McPhail
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Title: Chief Legal and Regulatory Officer and Secretary
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Exhibit
Number
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Description of Document
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99.1
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Material Change Report dated May 1, 2019
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Item 1
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Name and Address of Company
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Rogers Communications Inc. (“RCI”)
The principal office of RCI is located at:
333 Bloor Street East
Toronto, Ontario
M4W 1G9
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Item 2
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Date of Material Change
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April 23, 2019
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Item 3
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News Release
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A news release was issued through GlobeNewswire on April 23, 2019.
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Item 4
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Summary of Material Change
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On April 23, 2019, Rogers Communications priced an underwritten public offering in the United States of US$1.25 billion aggregate principal amount
of 4.35% senior notes due 2049 (the “US Notes”).
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Item 5.1
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Full Description of Material Change
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The net proceeds from the issuance of these US Notes was approximately US$1.23 billion and is expected to be used, together with other debt
funding, for general corporate purposes, including to fund maturing short-term borrowings and to fund the Cdn$1.725 billion cash investment required to acquire 52 of 64 of the twenty year 600 MHz spectrum licenses available to RCI. The sale
of the US Notes closed on April 30, 2019.
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The US Notes were issued pursuant to a prospectus supplement and accompanying prospectus filed with the United States Securities and Exchange
Commission (the “SEC”) as part of an effective shelf registration statement on Form F-10.
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This material change report includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.
These statements are based on management’s current expectations or beliefs, and are subject to uncertainty and changes in circumstances. Actual results may vary materially from those expressed or implied by the statements herein due to
changes in economic, business, competitive, technological, strategic and/or regulatory factors, and other factors affecting the operations of RCI.
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More detailed information about these factors may be found in filings by RCI with the SEC, including its most recent Annual Report on Form 40-F.
RCI is under no obligation to, and expressly disclaims any such obligation to, update or alter its forward-looking statements, whether as a result of new information, future events, or otherwise.
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Item 5.2
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Disclosure of Restructuring Transactions
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Not applicable.
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Item 6
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Reliance on subsection 7.1(2) of National Instrument 51-102
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Not applicable. |
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Item 7
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Omitted Information
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No significant facts remain confidential in, and no information has been omitted from, this report.
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Item 8
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Executive Officer
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For further information, please contact Graeme McPhail, Chief Legal and Regulatory Officer and Secretary, at 416.935.2505.
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Item 9
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Date of Report
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May 1, 2019
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