Proceeds will be used to repay debtExpects debt leverage ratio to be reduced by 0.7x following the close of the transactionRogers will maintain

Rogers Communications (NYSE:RCI) has entered into a definitive agreement with funds managed by Blackstone, backed by leading Canadian institutional investors, for a C$7 billion equity investment. Under the terms of the transaction,

Rogers Communications has made a deal with funds managed by Blackstone and a number of Canadian institutional investors for a 7 billion Canadian dollars ($4.97 billion) equity investment which it will use for debt repayment.

As the original Canadian NHL broadcast deal that shook the world nears its conclusion, the consensus in the television industry was that things would be different next time.Where Rogers had locked up the entire national package a dozen years ago,