By Paul A. Harris
St. Louis, Nov. 12 - Shaw Communications Inc. priced an upsized C$350 million of senior notes due Nov. 20, 2013 (Ba2/BB+) at par Wednesday to yield 7½%, according to a market source.
The deal was increased from C$250 million.
RBC Capital Markets and TD Securities were underwriters for the off-the-shelf deal.
Proceeds will be used to help repay Shaw's $350 million term loan due Feb. 10, 2006.
The Calgary, Alta.-based issuer is a diversified Canadian communications company that provides broadband cable, internet and satellite direct-to-home services.
| Issuer: | Shaw Communications Inc.
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| Amount: | C$350 million (increased from C$250 million)
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| Maturity: | Nov. 20, 2013
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| Security description: | Senior notes
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| Underwriters: | RBC Capital Markets, TD Securities Inc.
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| Coupon: | 7½%
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| Price: | Par
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| Yield: | 7½%
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| Settlement date: | Nov. 20, 2003
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| Ratings: | Moody's: Ba2
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| Standard & Poor's: BB+
|
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