Rogers 2004 Annual Report Download - page 90

88 Rogers Communications Inc. 2004 Annual Report
(c) Supplemental disclosure of non-cash transactions:
2004 2003
Class B Non-Voting shares issued on conversion of Series E Convertible Preferred shares $ 1,752 $ 203
CCI shares exchanged for CI shares (note 7(b)) (6,874) –
CCI shares acquired in exchange for CI shares (note 7(b)) 15,801 –
Class B Non-Voting shares issued in exchange for Wireless shares (note 3(a)) 811,867 –
Options to acquire Class B Non-Voting shares issued in exchange for Wireless options (note 3(a)) 73,228 –
Class B Non-Voting shares issued in consideration for acquisition of shares of CCI (note 7(b)) – 35,181
Refer to note 13(a) for details of other non-cash transactions.
11. LONG-TERM DEBT:
Interest rate 2004 2003
(a) Corporate:
(i) Bank credit facility Floating $ – $ –
(ii) Convertible Debentures, due 2005 5.75% 261,810 271,197
(iii) Senior Notes, due 2006 10.50% 75,000 75,000
336,810 346,197
(b) Wireless:
(i) Bank credit facility Floating – 138,000
(ii) Senior Secured Notes, due 2006 10.50% 160,000 160,000
(iii) Senior Secured Notes, due 2007 8.30% – 253,453
(iv) Senior Secured Debentures, due 2008 9.375% – 430,589
(v) Floating Rate Senior Secured Notes, due 2010 Floating 661,980 –
(vi) Senior Secured Notes, due 2011 9.625% 589,764 633,276
(vii) Senior Secured Notes, due 2011 7.625% 460,000 –
(viii) Senior Secured Notes, due 2012 7.25% 565,692 –
(ix) Senior Secured Notes, due 2014 6.375% 902,700 –
(x) Senior Secured Notes, due 2015 7.50% 661,980 –
(xi) Senior Secured Debentures, due 2016 9.75% 186,438 200,193
(xii) Senior Subordinated Notes, due 2007 8.80% – 231,443
(xiii) Senior Subordinated Notes, due 2012 8.00% 481,440 –
(xiv) Fair value increment arising from purchase accounting 55,232 –
4,725,226 2,046,954
(c) Cable:
(i) Bank credit facility Floating – 36,000
(ii) Senior Secured Second Priority Notes, due 2005 10.00% 350,889 376,777
(iii) Senior Secured Second Priority Notes, due 2007 7.60% 450,000 450,000
(iv) Senior Secured Second Priority Notes, due 2011 7.25% 175,000 –
(v) Senior Secured Second Priority Notes, due 2012 7.875% 421,260 452,340
(vi) Senior Secured Second Priority Notes, due 2013 6.25% 421,260 452,340
(vii) Senior Secured Second Priority Notes, due 2014 5.50% 421,260 –
(viii) Senior Secured Second Priority Debentures, due 2014 9.65% – 300,000
(ix) Senior Secured Second Priority Notes,due 2015 6.75% 337,008 –
(x) Senior Secured Second Priority Debentures, due 2032 83/4% 240,720 258,480
(xi) Senior Subordinated Guaranteed Debentures, due 2015 11.00% 136,819 146,914
2,954,216 2,472,851
(d) Media:
Bank credit facility Floating – 63,500
Mortgages and other Various 34,135 40,730
8,050,387 4,970,232
Less current portion 618,236 11,498
$ 7,432,151 $ 4,958,734
Further details of long-term debt are as follows:
(a) Corporate:
(i) Bank credit facility:
Effective October 13, 2004, the Company entered into a $1,750.0 million senior secured bridge credit facility with a term of up to two
years with a group of Canadian financial institutions. During December 2004, the Company repaid the bridge credit facility in full and
cancelled the facility, resulting in a loss on repayment of debt of $7.9 million, comprising the deferred financing costs (note 11(e)).