COGECO Inc. Secures a Four-Year $100 Million Credit Facility

MONTRÉAL, QUÉBEC--(Marketwire - Nov. 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).