Shaw Communications Inc.

Shaw Communications Inc.

March 02, 2007 09:54 ET

Shaw Announces Closing of C$400 Million Senior Note Offering

CALGARY, ALBERTA--(CCNMatthews - March 2, 2007) - Shaw Communications Inc. ("Shaw") (TSX:SJR.B) (NYSE:SJR) announced today that it has closed its offering of C$400 million principal amount of 5.70% senior unsecured notes due 2017. The senior notes were offered through an underwriting syndicate led by TD Securities Inc., under Shaw's previously filed shelf prospectus.

The net proceeds of the offering will be used for debt repayment, for working capital and for general corporate purposes.

Shaw Communications Inc. is a diversified Canadian communications company whose core business is providing broadband cable television, High-Speed Internet, Digital Phone, telecommunication services (through Shaw Business Solutions) and satellite direct-to-home services (through Star Choice) to 3.2 million customers. Shaw is traded on the Toronto and New York stock exchanges and is included in the S&P/TSX 60 index Symbol (TSX:SJR.B)(NYSE:SJR).

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