Shaw Enters Into $1 Billion Credit Facility
January 17 2012 - 6:45PM
Marketwired
Shaw Communications Inc. (TSX:SJR.B) (NYSE:SJR) announced today
that it has entered into a five-year $1 billion bank credit
facility having a maturity date in January 2017 with a syndicate of
ten financial institutions, including The Toronto-Dominion Bank as
lead arranger and sole bookrunner, Canadian Imperial Bank of
Commerce, Royal Bank of Canada and The Bank of Nova Scotia as
syndication agents and Bank of Tokyo-Mitsubishi as documentation
agent. This facility replaces the prior credit facility which was
scheduled to mature in May 2012. The new facility is to be used for
general corporate purposes.
Shaw Communications Inc. is a diversified communications and
media company, providing consumers with broadband cable television,
High-Speed Internet, Home Phone, telecommunications services
(through Shaw Business), satellite direct-to-home services (through
Shaw Direct) and engaging programming content (through Shaw Media).
Shaw serves 3.4 million customers, through a reliable and extensive
fibre network. Shaw Media operates one of the largest conventional
television networks in Canada, Global Television, and 18 specialty
networks including HGTV Canada, Food Network Canada, History
Television and Showcase. Shaw is traded on the Toronto and New York
stock exchanges and is included in the S&P/TSX 60 Index
(TSX:SJR.B) (NYSE:SJR). For more information about Shaw, please
visit www.shaw.ca.
Contacts: Shaw Communications Inc. Investor
RelationsInvestor.relations@sjrb.ca www.shaw.ca
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