Canadian fixed-line and DTH provider Shaw Communications has sealed US$480m in loans to repay debt held by recently acquired data centre operator ViaWest.
A syndicate of lenders led by TD Securities and RBC Capital Markets have provided Shaw with a…
Canadian fixed-line and DTH provider Shaw Communications has sealed US$480m in loans to repay debt held by recently acquired data centre operator ViaWest.
A syndicate of lenders led by TD Securities and RBC Capital Markets have provided Shaw with a US$395m term loan and a US$85m revolver to redeem ViaWest’s debt.
The term loan is due in 2022 while the revolver matures in 2020.
Shaw closed its US$1.2bn takeover of Denver-based ViaWest – which offers co-location, cloud, and managed services – last September. Shaw’s rationale for the transaction was to allow it to grow in the North American data centre sector and expand its product offering for mid-market enterprises in Western Canada.
ViaWest is now a wholly-owned subsidiary of Shaw, but has remained a standalone business working from its Colorado headquarters led by co-founder and CEO Nancy Phillips.
