Cable & Telecom

Shaw announces $800M senior note offering

CALGARY – Shaw Communications said Tuesday that it is offering $500 million principal amount of 4.35% senior notes due 2024 and $300 million principal amount of floating rate senior notes due 2016.The net proceeds of this offering will be used for repayment or redemption of the $600 million principal amount of senior notes due June 2, 2014 and for working capital and general corporate purposes.Closing is scheduled to occur on January 31, 2014. Based on the closing purchase price, the effective yield of the 2024 notes, if held to maturity, is 4.353%. The 2016 notes will bear interest at an annual...
 

Our industry and COVID-19

We've gathered a number of links where Canadian cable, radio, television, telecom and wireless companies have posted their responses to the Covid-19 pandemic.