Shaw offering $1.25B in senior notes

CALGARY - Shaw Communications has announced a senior note offering of $1.25 billion which it says will be used to repay debt, and could be used for “potential acquisitions”.The senior unsecured notes will be due in 2019, and will be made available in Canada and the U.S. under Shaw's previously filed shelf prospectus, pursuant to an agency agreement with TD Securities Inc. acting as lead agent.Closing is scheduled to occur on October 1, 2009 and, based on the closing purchase price, the effective yield of the notes if held to maturity, is 5.692%.Moody's Investors Service assigned a Baa3 rating to...