Corus Entertainment Announces Offering of Cdn $550 Million of 4.25% Senior
Unsecured Guaranteed Notes Due 2020
/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION
IN THE UNITED STATES/
TORONTO, Feb. 6, 2013 /CNW/ - Corus Entertainment Inc. ("Corus") (TSX: CJR.B)
announced today that it has agreed to sell Cdn $550 million principal amount
of 4.25% senior unsecured guaranteed notes due 2020 (the "Notes") to a
syndicate of underwriters for public offering in Canada. The offering of Notes
is expected to close on February 11, 2013. The net proceeds from the offering
of Notes will be used to redeem Corus' $500 million of 7.25% senior unsecured
guaranteed notes due 2017 (principal amount Cdn $500 million) and for general
The Notes will be publicly offered in each of the provinces of Canada pursuant
to a prospectus supplement (the "Supplement") to Corus' previously filed short
form base shelf prospectus dated February 4, 2013 (the "Prospectus"). The
underwriting syndicate for the offering of Notes consists of TD Securities
Inc. and BMO Nesbitt Burns Inc., as joint bookrunners, and includes RBC
Dominion Securities Inc., Scotia Capital Inc., CIBC World Markets Inc. and
National Bank Financial Inc. The Prospectus is, and the Supplement will be,
available on request from the contacts listed below or on the Internet at
This news release does not constitute an offer to sell or the solicitation of
an offer to buy any securities in any jurisdiction. This news release is not
an offer for sale within the United States of any Notes or other securities of
Corus. Securities of Corus, including Notes, may not be offered or sold in the
United States absent registration under the U.S. securities laws or exemption
from registration under such laws. Any public offering of securities that may
be made in the United States will be made by means of a prospectus that may be
obtained fromCorus and that will contain detailed information aboutCorus,
as well as financial statements.
About Corus Entertainment Inc.
Corus Entertainment Inc. is a Canadian-based media and entertainment
company. Corus is a market leader in specialty television and radio with
additional assets in pay television, television broadcasting, children's book
publishing, children's animation and animation software. The Company's
multimedia entertainment brands include YTV, Treehouse, Nickelodeon (Canada),
ABC Spark, W Network, OWN: Oprah Winfrey Network (Canada), CosmoTV, Sundance
Channel (Canada), Movie Central, HBO Canada, Nelvana, Kids Can Press, Toon
Boom and 37 radio stations including CKNW AM 980, 99.3 The FOX, Country 105,
630 CHED, Q107, and 102.1 the Edge. Corus creates engaging branded
entertainment experiences for its audiences across multiple platforms. A
publicly traded company, Corus is listed on the Toronto Stock Exchange
(CJR.B). Experience Corus on the web at www.corusent.com.
Certain statements contained in this news release relating to the use of
proceeds of the offering of Notes may constitute forward-looking statements
which assume closing of the offering of the Notes. Although we believe that
the expectations reflected in the forward-looking statements are reasonable,
there can be no assurance that such expectations will prove to be correct.
John Cassaday President and Chief Executive Officer Corus Entertainment
Inc. 416.479.6018 Tom Peddie Executive Vice President and Chief Financial
Officer Corus Entertainment Inc. 416.479.6080 Sally Tindal Director,
Communications Corus Entertainment Inc. 416.479.6107
SOURCE: Corus Entertainment Inc.
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