COGECO Inc. secures a four-year $100 million credit facility
PRESS RELEASE
FOR IMMEDIATE RELEASE
COGECO Inc. secures a four-year $100 million credit facility
Montréal, November 30, 2011 – COGECO Inc. (TSX: CGO) ("COGECO") today announced that it
renewed its credit agreement for a $100 million credit facility in the form of a four-year Term
Revolving Facility.
The renewed Term Revolving Facility will mature on February 1
st
, 2016, but may be extended by
additional one-year periods on an annual basis, subject to lenders’ approval. The Term Revolving
Facility is indirectly secured by a first priority fixed and floating charge on substantially all present
and future real and personal property and undertaking of every nature and kind of the Corporation
and certain of its subsidiaries, excluding the capital stock and assets of the Corporation’s
subsidiary, Cogeco Cable Inc., and guaranteed by its subsidiaries, excluding Cogeco Cable.
The renewed Term Revolving Facility extends COGECO’s borrowing flexibility and provides
continued liquidity within a strong capital structure. The facility will be used for general corporate
purposes and to facilitate growth opportunities.
ABOUT COGECO
COGECO (www.cogeco.ca) is a diversified communications company. Through its Cogeco Cable
subsidiary, the second largest hybrid fibre coaxial cable operator in Ontario, Québec and Portugal,
COGECO provides its residential customers with Audio, Analogue and Digital Television, as well as
HSI and Telephony services using its two-way broadband cable networks. Cogeco Cable also
provides, to its commercial customers, through its subsidiary Cogeco Data Services, data
networking, e-business applications, video conferencing, hosting services, Ethernet, private line,
VoIP, HSI access, data storage, data security, co-location services, managed IT services, cloud
services and other advanced communication solutions. Through its Cogeco Diffusion Inc. subsidiary
(“CDI”), COGECO wholly-owns and operates 13 radio stations across most of Québec with
complementary radio formats serving a wide range of audiences, as well as Cogeco News, its news
agency broadcast in 24 independent and community radio stations across Québec. COGECO’s
subordinate voting shares are listed on the Toronto Stock Exchange (TSX: CGO). The subordinate
voting shares of Cogeco Cable are also listed on the Toronto Stock Exchange (TSX: CCA).
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Source: Pierre Gagné
Senior Vice President and Chief Financial Officer
Tel.:514 764-4700
Information: Nicole Tardif
Director, Corporate Communications
Tel: 514 764-4685