Shaw Announces Closing of C$1 Billion Senior Notes Offering
November 02 2018 - 9:03AM
Shaw Communications Inc. (“Shaw” or the “Corporation”) announced
today that it has closed its offering of C$1 billion of senior
notes, comprised of C$500 million principal amount of 3.80% senior
notes due 2023 (the “2023 Notes”) and C$500 million principal
amount of 4.40% senior notes due 2028 (the “2028 Notes”, and
together with the 2023 Notes, the “Notes”).
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 for general corporate
purposes, which may include the repayment of outstanding
indebtedness of the Corporation. Pending any such use of net
proceeds, the Corporation may invest the net proceeds in bank
deposits and short-term marketable securities.
About Shaw Communications
Inc.Shaw Communications Inc. is a leading Canadian
connectivity company. The Wireline division consists of Consumer
and Business services. Consumer serves residential customers with
broadband Internet, Shaw Go WiFi, video and digital phone. Business
provides business customers with Internet, data, WiFi, digital
phone, and video services. The Wireless division provides wireless
voice and data services through an expanding and improving mobile
wireless network infrastructure.
Shaw is traded on the Toronto and New York stock
exchanges and is included in the S&P/TSX 60 Index (Symbol: TSX
- SJR.B, SJR.PR.A, SJR.PR.B, NYSE – SJR, and TSXV – SJR.A). For
more information, please visit www.shaw.ca.
Caution Regarding Forward-Looking
Statements Statements included in this news release that
are not historic constitute forward looking statements within the
meaning of applicable securities laws. Such statements include but
are not limited to the use of net proceeds from the offering. These
statements are based on assumptions made by Shaw that it believes
are appropriate and reasonable in the circumstances. It is possible
that one or more of these assumptions will not prove to be
accurate. The forward-looking statements herein are subject to
risks, including risks associated with capital and debt markets,
and other risks as set forth in the base shelf prospectus and
prospectus supplement referenced above, including the documents
incorporated by reference therein. Undue reliance should not
be placed on any forward-looking statement. Except as required by
law, Shaw disclaims any obligation to update any forward-looking
statement.
For further information, please contact: Shaw
Investor Relations investor.relations@sjrb.ca
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