Shaw announces US$480M credit facilities for ViaWest

CALGARY - Shaw Communications said that a syndicate of lenders have provided a US$395 million term loan and a US$85 million revolving credit facility for its new data centre firm ViaWest.The facilities were used to repay the outstanding debt under ViaWest's prior credit facility and for its general corporate purposes. The term loan matures in March 2022 and the revolving credit facility matures in March 2020.Shaw bought the Denver-based colocation, cloud, and managed services provider last July for US$1.2 billion.www.shaw.ca