Rogers’ bond revision set to move forward after dissenters fail to rally votes

TORONTO: A group of Rogers Communications bond holders have failed to win enough votes to force changes to the company’s proposal to delay redemption of its $9.35 billion bond by a year, two people familiar with the matter said on Monday.

Canadian and U.S. bond holder groups wanted higher fees than the company proposed for accepting the changes and to delay the deadline for acceptance of Rogers’ proposal. They need 50% plus one vote to derail Rogers’ plan and must decide by Wednesday.