Shaw Communications Inc. (NYSE: SJR) have announced the terms of a Cdn$1.25 billion principal amount of 5.65% senior unsecured notes due 2019. The net proceed from the offering are to be used for repayment of maturing debt. The redemption of Shaw’s US$440 million 8.25% Senior Notes and US$225 million 7.25% Senior Notes for working capital and for general corporate purposes.
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About Shaw Communications
Shaw Communications Inc. is a diversified communications company whose core business is providing broadband cable television, High-Speed Internet, Digital Phone, telecommunications services (through Shaw Business Solutions) and satellite direct-to-home services (through Shaw Direct). The Company serves 3.4 million customers, including over 1.6 million Internet and 775,000 Digital Phone customers, through a reliable and extensive network, which comprises 625,000 kilometres of fibre. Shaw is traded on the Toronto and New York stock exchanges and is included in the S&P/TSX 60 Index (TSX:SJR.B) (NYSE:SJR).
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