Cogeco 2013 Annual Report Download - page 33

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32 COGECO CABLE INC. 2013 Management's discussion and analysis (“MD&A”)
• on November 30, 2012, a draw-down on the existing Term Revolving Facility of $584.2 million (US$588 million) and the new Term Loan
Facilities of $637.4 million (US$660 million for net proceeds of US$641.5 million, net of transaction costs of US$18.5 million) to finance
the acquisition of ABB.
In addition, Cogeco Cable used most of the net proceeds under the Senior Secured Notes, the Debentures, the 2020 Notes and drawings of
$219.6 million under the Term Revolving Facility to repay the Senior Secured Debentures Series 1 of $300 million, Canadian Term Facility
amounting to $175 million, the US Term Facility amounting to $230.8 million (US$225 million), the $114.7 million Revolving loan in connection
with the financing of the acquisition of PEER 1 and a portion of the Term Revolving Facility used to finance Atlantic Broadband acquisition in the
amount of $367.3 million.
During fiscal 2012, Indebtedness affecting cash increased by $85.7 million mainly due to the issuance, on February 14, 2012, of $200 million
Senior Secured Debentures Series 3 (“Fiscal 2012 debentures”) for net proceeds of $198.1 million, a portion of which was used to repay the
$110 million Term Revolving Facility.
In fiscal 2013, quarterly dividends of $0.26 per share, totaling $1.04 per share were paid to the holders of subordinate and multiple voting shares,
for a total paid of $50.6 million during fiscal 2013. In fiscal 2012, quarterly dividends of $0.25 per share, totaling $1.00 per share were paid to the
holders of subordinate and multiple voting shares, for a total paid of $48.7 million during fiscal 2012. Overall, during the last five years, total
dividend per share increased by 116%. The total dividend per share trend over the last five years is as follow:
FINANCIAL POSITION
As a result of the acquisitions of Atlantic Broadband and PEER 1, most financial position balances have changed significantly during the year
ended August 31, 2013. For further details on the preliminary allocation of the purchase price of these acquisitions, please refer to the investing
activities as well as the financing activities under the “Cash flow analysis” section.