Shaw Communications calls all $260.38 million 13.5% notes due 2015

By Toni Weeks

San Diego, June 29 - Shaw Communications Inc. said that its subsidiary, Shaw Media Inc., intends to fully redeem its $260.38 million of 13.5% senior notes due 2015, according to a news release.

The redemption will occur Aug. 15 at a redemption price of 106.75, or $1,157.50 per $1,000 principal amount of notes.

Noteholders of record as of Aug. 1 will also receive the Aug. 15 interest payment of $73.19 per $1,000 principal amount of notes.

The 13.5% notes have a total accrued value of roughly $282 million.

Shaw Communications is a Calgary, Alta.-based diversified communications company.

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