03:44 PM EST - Shaw Communications Inc. : announced that it has closed its offering of $1.25 billion principal amount of 5.65% senior unsecured notes due 2019. The senior notes were made available in Canada and the United States, pursuant to an agency agreement with TD Securities Inc. acting as lead agent. The company said that the net proceeds of this offering will be used for repayment or redemption of near-term maturing debt, including redemption of Shaw's $440 million U.S. 8.25% Senior Notes due April 11, 2010 and $225 million U.S. 7.25% Senior Notes due April 6, 2011, for potential acquisitions by Shaw, for working capital and for general corporate purposes. Shaw Communications Inc.
shares T.SJR.B are trading down $0.19 at $19.19.
