Cogeco Câble inc.

February 02, 2007 23:59 ET

Cogeco Cable Inc. announces the redemption of 8.44% Second Secured Debentures

MONTREAL, Feb. 2 - Cogeco Cable Inc. (TSX:CCA)
(the "Corporation"), the second cable telecommunications company in Québec,
Ontario and Portugal, announced today that, under the governing Trust
Indenture dated July 31, 1997, the Corporation has given a notice of
redemption and offer to purchase to the holders of its 8.44% Second Secured
Debentures, Series "A" in the aggregate principal amount of $125,000,000 due
July 31, 2007 (the "Notes").

The Corporation is offering to purchase for cancellation on February 12,
2007 (the "Purchase Date") all of the validly issued and held Notes from each
holder of Notes at a price equal to $101.995 per $100.00 in principal amounts
of the Notes.

Subsequent to the Purchase Date, all outstanding Notes will be redeemed
on March 5, 2007 (the "Redemption Date") at a redemption price equal to the
greater of the Canada Yield Price and their principal amount, together with
accrued and unpaid interest to the Redemption Date (the "Redemption Price").
The Redemption Price of the Notes shall be payable upon presentment and
surrender of the Notes at the principal office of the trustee, Montreal Trust
Company of Canada, (the "Trustee") in Montreal, Quebec. Interest on the
principal amount of the Notes called for redemption shall cease to accrue from
and after the Redemption Date.


Cogeco Cable (, a telecommunications company offering a
diverse range of services to its customers in Canada and in Portugal, is the
second largest cable operator in Ontario, Québec and Portugal, in terms of the
number of basic cable service customers served. The Corporation invests in
state-of-the-art broadband network facilities, delivers a wide range of
services over these facilities with great speed and reliability at attractive
prices, and strives to provide both superior customer care and growing
profitability to satisfy its customers' varied electronic communication needs.
Through its two-way broadband cable networks, Cogeco Cable provides its
residential and commercial customers with analog and digital video and audio
services, high speed Internet access as well as telephony services. The
Corporation provides about 1,649,000 revenue-generating units (RGUs) to
approximately 1,439,000 homes passed in its Canadian service territory and
650,000 RGUs to approximately 829,000 homes passed in its Portuguese service
territory. Cogeco Cable's subordinate voting shares are listed on the Toronto
Stock Exchange (CCA).

Contact Information

  • Pierre Gagné, Vice President, Finance and Chief
    Financial Officer, (514) 874-2600; Marie Carrier, Director, Corporate
    Communications, (514) 874-2600