The Firm recently represented Cogeco Cable Inc. (“Cogeco Cable”) in its offering of $400 million aggregate principal amount of 4.875% Senior Notes due 2020. Cogeco Cable is using the net proceeds from the offering, together with borrowings under its revolving credit facility, to repay in full the term loan tranches of the senior secured credit facilities entered into in connection with its acquisition of PEER 1 Network Enterprises, Inc. in January 2013. The notes are guaranteed by certain of Cogeco Cable’s wholly-owned subsidiaries. The offering was conducted in reliance on Rule 144A and Regulation S.
Cogeco Cable is a telecommunications corporation and cable system operator providing cable television, high speed internet and telephony services in the provinces of Quebec and Ontario, and in the United States in four geographic clusters in Western Pennsylvania, Maryland/Delaware, Western South Carolina and Southern Florida. Cogeco Cable is the fourth largest cable system operator in Canada and the 12th largest cable provider in the United States. Cogeco Cable also provides enterprise services throughout North America and the United Kingdom.
The Simpson Thacher team for the transaction included Roxane Reardon, John Ericson, Vanessa Clark, Louie Pastor and Lindsay Thomas (Capital Markets), Andrew Purcell (Tax), Michael Isby (Environmental), David Rubinsky, Jeanne Annarumma and Jennifer Wolff (Executive Compensation and Employee Benefits) and Jodie Sopher Pimentel (Intellectual Property).