An anonymous director reports
SHAW ANNOUNCES CLOSING OF C$800 MILLION SENIOR NOTES OFFERING
Shaw Communications Inc. has closed its offering of $800-million of senior notes, comprising $500-million principal amount of 3.3 per cent senior notes due 2029 and $300-million principal amount of 4.25 per cent senior notes due 2049.
The notes were made available in Canada under Shaw's previously filed shelf prospectus, pursuant to an agency agreement with TD Securities Inc., acting as sole bookrunner. The net proceeds of this offering will be used to finance the repayment or redemption of the $500-million principal amount of senior notes due Dec. 7, 2020, and/or $300-million principal amount of senior notes due Feb. 19, 2021, and/or for working capital and general corporate purposes. Pending any such use of net proceeds, the corporation may invest the net proceeds in bank deposits and short-term marketable securities.
We seek Safe Harbor.
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