Shaw Communications has announced a $500 million senior note offering, and a $400 million reopening.

The $500 million principal amount offering of 5.50% is for senior unsecured notes due 2020. Additionally, the reopening of its offering of 6.75% senior unsecured notes is due 2039, for an additional $400 million.

The net proceeds of the offerings will be used for repayment of debt incurred under Shaw’s credit facility to complete the acquisition of the broadcasting assets of Canwest Global Communications.

Closing is scheduled to occur on December 7. Senior notes will be made available in Canada and the US.