Cable / Telecom News

Shaw selling $600M worth of bonds

CALGARY - Shaw Communications announced plans to sell up to $600 million worth of senior unsecured notes due in 2014, pricing the bond offering at 6.50%. The company said in a statement that the net proceeds of the offering will be used for its debt repayment or redemption, for working capital and “for general corporate purposes”. Closing is scheduled for March 27, 2009. The notes are available in Canada and the United States, through an underwriting syndicate led by TD Securities Inc.