Cable & Telecom

Shaw raising another $400 million

CALGARY - Shaw Communications announced Monday the reopening of its 6.75% senior unsecured notes, due 2039, for an additional C$400 million.The net proceeds of this offering will be used for repayment of debt incurred under Shaw's credit facility and for working capital and general corporate purposes. Closing is scheduled to occur on February 17, 2011 and, based on the closing purchase price, the effective yield of the senior notes being offered, if held to maturity, is 6.961%, says the company’s press release.The senior notes will be made available in Canada and the United States, under Shaw's previously filed shelf prospectus,...
 

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.