Shaw Communications closes $300M senior note offering

On February 19, 2016, Shaw Communications completed an offering of $300 million aggregate principal amount of senior notes. The senior notes were made available in Canada under Shaw’s previously filed short form base shelf prospectus.

The net proceeds are being used for working capital and general corporate purposes, which may include directly or indirectly funding payment of a portion of the purchase price for the previously announced acquisition by Shaw of WIND Mobile.

Shaw Communications, headquartered in Calgary, Alberta, is a diversified communications and media company that provides broadband cable television, high-speed Internet, home phone and other telecommunications and satellite services and content.

Shaw is traded on the Toronto and New York stock exchanges and is included in the S&P/TSX 60 Index.

Shaw was represented in-house by Peter Johnson, Senior Vice President, General Counsel & Corporate Secretary, along with John Reynolds, Vice President & Assistant General Counsel.

Corporate counsel for Shaw was a team from Dentons Canada LLP. The Dentons Canada team was led by Bill Jenkins and was composed of Toby Allan, Lucas Tomei, Dan Shea and Jessica Myers (capital markets).

The notes were sold through a syndicate of agents led by TD Securities, and including CIBC World Markets Inc., RBC Dominion Securities Inc., Scotia Capital Inc., National Bank Financial Inc., AltaCorp Capital Inc.

The agents were advised by McCarthy Tétrault LLP. The McCarthy Tétrault team was led by David Woollcombe and was composed of Matthew Appleby, Lama Sabbagh and Diego Beltran (business law), Gabrielle Richards (tax) and Grant Buchanan (communications).