FAQ on Blackstone's CDN$7 Billion Equity Investment in Rogers

What is the main purpose of Blackstone’s investment in Rogers?

The investment aims to support Rogers’ growth and balance sheet objectives by acquiring a non-controlling interest in a newly established subsidiary of Rogers that owns a portion of the company’s wireless backhaul transport infrastructure.

Who are the investors involved in this transaction?

The investor group led by Blackstone includes Canada Pension Plan Investment Board (CPP Investments), Caisse de dépôt et placement du Québec (La Caisse), the Public Sector Pension Investment Board (PSP Investments), British Columbia Investment Management Corporation (BCI), and the Investment Management Corporation of Ontario (IMCO).

How much was invested in Rogers by Blackstone and its partners?

Blackstone and its partners have invested CDN$7 billion in Rogers Communications Inc.

What does Blackstone Credit & Insurance (BXCI) specialize in?

BXCI is one of the world’s leading credit investors, specializing in private investment grade, asset-based lending, public investment grade and high yield, sustainable resources, infrastructure debt, collateralized loan obligations, direct lending, and opportunistic credit.

What are the implications of this investment for Rogers?

This investment enables Rogers to further its growth and balance sheet objectives, supported by Blackstone’s flexible and efficient capital solutions.

What is the significance of Rogers’ backhaul network in this investment?

Rogers’ backhaul network is positioned to enable the powerful megatrends in mobile data usage, making it a key factor in Blackstone’s investment decision.

How large is BXCI’s Infrastructure and Asset Based Credit platform?

BXCI’s Infrastructure and Asset Based Credit platform manages over $90 billion and has over 70 investment professionals, among the largest in the asset-backed marketplace.

Where can I find more information about this transaction?

More information can be found on the official websites of Blackstone and Rogers Communications Inc., or through the original article on citybiz.