The telco has asked the lenders who have put up US$7.05 billion and C$3 billion to help it buy Shaw Communications for an extension on a December deadline to finalize the acquisition. The $26-billion deal faces objections from the Competition Bureau and skepticism from the Liberal government. (The Logic)

Talking point: The loans are through a series of notes on varying repayment schedules and interest rates, but they all have terms requiring Rogers to repay them at 101 per cent of their face value if the Shaw buyout isn’t done by the end of 2022. Rogers is offering varying fees to the note holders if they consent to an extension to the end of 2023, rather than risk going to the financial markets anew at a time when interest rates are much higher. The unconsummated deal has been good for Rogers’s and Shaw’s major competitors, Bell and Telus, BMO analyst Tim Casey wrote in an investor note, because they’ve been able to prepare for a mightier national competitor for longer without distractions.