DBRS Rates Shaw Communications Inc.’s $800 Million Notes Issuance BBB, Stable Trend

DBRS has today assigned a rating of BBB with a Stable trend to Shaw Communication Inc.’s $800 million notes (the Notes) issuance, which includes:

(1) Two-year, $300 million three-month CDOR + 0.69% notes, due February 1, 2016; and

(2) Ten-year, $500 million 4.35% notes, due January 31, 2024.

The net proceeds of this offering will be used for repayment of the $600 million principal amount of Senior Notes due June 2, 2014, and for working capital and general corporate purposes.

Notes:
The applicable methodologies are Rating Companies in the Communications Industry and Rating Companies in the Television Broadcasting Industry, which can be found on our website under Methodologies.