Rogers Communications Inc. has priced a $1.1 billion debt securities offering to help pay for a stake in Maple Leafs Sports and Entertainment (MLSE), the company said Wednesday. In a release, Rogers said the $1.1 billion in debt securities is expected to generate $1.09 billion in net proceeds that will be used to fund its purchase of a 37.5 per cent ownership stake of MLSE and its broadcasting companies the Toronto Maple Leafs Network Ltd. and Toronto Raptors Network Ltd. In December, Rogers joined with rival telecommunications carrier BCE Inc. to purchase a 75 per cent controlling stake in MLSE. Each company will pay $533 million to acquire a 37.5 per cent share of the company, they said at the time. The deal must still receive regulatory approval from the CRTC due to the inclusion of the broadcasting assets.