CORRECTION: Shaw Communications Announces Pricing of Offering of Senior Notes.CALGARY, Alberta -- Please note that the press release sent November 9th, 2005 at 1:30pm ET was missing the sentence "For further information, including receipt of a prospectus relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the offering, please contact the person noted below."The complete and updated release follows. Shaw Communications Inc. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :SJR SJR Senate Joint Resolution SJR Superjoint Ritual (band) SJR St John Rigby (Catholic Sixth Form College) SJR Signal-To-Jammer Ratio SJR Saint Joseph Regional High School (USA) .NV.B) (NYSE NYSE See: New York Stock Exchange :SJR) announced today the terms of its offering of senior notes due 2012. The senior notes will be in the aggregate principal amount of Cdn. $450 million and will pay a coupon of 6.10%. Closing is scheduled to occur on November 16, 2005. The Senior Notes were offered through an underwriting syndicate Underwriting syndicate A group of investment banks that work together to sell new security offerings to investors. The underwriting syndicate is led by the lead underwriter. See also: Lead underwriter. underwriting syndicate See syndicate. , with TD Securities Inc. as lead manager. Shaw plans to use the net proceeds Net Proceeds The amount received after all costs are deducted from the sale of a piece of property or security. Notes: In the case of an investor selling a security, net proceeds represent the proceeds from the sale minus any trading costs (i.e. commissions). from the senior notes for debt repayment, including the redemption of its US $172.5 million 8.5% Series Canadian Originated Preferred Securities, and for working capital purposes. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to the registration and qualification under the securities laws of any such jurisdiction. Shaw Communications Inc. is a diversified Canadian communications company whose core business is providing broadband cable television, Internet, Digital Phone, telecommunications services (through Big Pipe Inc.) and satellite direct-to-home services (through Star Choice Communications Inc.) to approximately 3.0 million customers. Shaw is traded on the Toronto and New York stock exchanges New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. and is a member of the S&P/TSX 60 index (Symbol: TSX - SJR.NV.B, NYSE - SJR). This news release contains forward-looking statements that are based on current conditions and assumptions and that are not a guarantee of future events. Actual events could differ materially as a result of changes to Shaw's plans and the impact of events, risks and uncertainties. For a discussion of these factors, refer to Shaw's current annual information form, annual and quarterly reports to shareholders and other documents filed with regulatory authorities. For further information, including receipt of a prospectus relating to the offering, please contact the person noted below. Shaw Communications Inc. (TSX:SJR.NV.B) (NYSE:SJR) |
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