Corus Entertainment Inc. announced today that it has filed a final short form base shelf prospectus dated January 29, 2010 with applicable securities regulators in each of the provinces of Canada and received a receipt therefor. The Prospectus provides for the offering of up to $500,000,000 (Canadian) principal amount of debt securities during the 25-month period that the Prospectus is valid.
Corus has also filed with applicable securities regulators in each of the provinces of Canada a preliminary prospectus supplement to the Prospectus relating to senior unsecured guaranteed notes of Corus due 2017. The Preliminary Supplement has not yet become final.
If Corus proceeds with the issuance of Notes, the Preliminary Supplement contemplates Corus entering into an underwriting agreement, on terms to be negotiated, with TD Securities Inc. and Scotia Capital Inc., as bookrunners, along with a syndicate that includes RBC Dominion Securities Inc., CIBC World Markets Inc., National Bank Financial Inc. and BMO Capital Markets Inc.