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TORONTO, April 14, 2016 /CNW/ - Corus Entertainment Inc. (TSX: CJR.B) announced today that it has determined the redemption price for its outstanding C$550 million principal amount of 4.25% senior unsecured guaranteed notes due 2020 (the "2020 Notes") in accordance with the terms of the indenture governing the 2020 Notes. As previously announced, the redemption date for the 2020 Notes is April 18, 2016 (the "Redemption Date").
The redemption price per C$1,000 principal amount of the 2020 Notes is C$1,095.751 plus accrued interest to, but excluding, the Redemption Date of C$7.780.
About Corus Entertainment Inc.
Corus Entertainment Inc. (TSX: CJR.B) is a leading media and content company that creates and delivers high quality brands and content across platforms for audiences around the world. The company's portfolio of multimedia offerings encompasses 45 specialty television services, 39 radio stations, 15 conventional television stations, a global content business, digital assets, live events, children's book publishing, animation software, technology and media services. Corus' roster of premium brands include Global Television, W Network, OWN: Oprah Winfrey Network Canada, HGTV Canada, Food Network Canada, HISTORY®, Showcase, National Geographic, Q107, CKNW, Fresh Radio, Disney Channel Canada, YTV and Nickelodeon Canada. Visit Corus at www.corusent.com.
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SOURCE Corus Entertainment Inc.
For further information: Tom Peddie, Executive Vice President and Chief Financial Officer, Corus Entertainment Inc., 416.479.6080