Blackstone announced the successful closing of its previously announced C$7 billion equity investment in Rogers Communications Inc. This transaction, which closed in June 2025, involved funds managed by Blackstone Credit & Insurance and leading Canadian institutional investors.
Under the terms, the investors acquired a non-controlling interest in a newly established subsidiary of Rogers that owns a portion of the company's wireless backhaul transport infrastructure. Rogers retains full operational control of this infrastructure.
The proceeds from this innovative structured equity financing were primarily used by Rogers to repay debt, including a C$3.1 billion bond tender program in July 2025. This investment significantly contributes to Rogers' aggressive deleveraging strategy, helping it achieve its 3.5x debt leverage target ahead of schedule.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.