07:06 AM EST, 02/05/2025 (MT Newswires) -- Cogeco Communications ( CGEAF ) overnight Tuesday said it has priced its $325 million offering of 4.743% senior secured notes due Feb. 6, 2035. Proceeds will be used to pay down debt.

The offering is expected to close on or about Feb. 6.

The notes, which have been assigned a provisional rating of BBB (low) by DBRS Morningstar with a Stable trend, will be direct and unsubordinated secured debt obligations of Cogeco.

The company expects the notes to receive a "BBB-" rating from Standard & Poor's Ratings Services.