Corus Sets Note Buyback

CORUS ENTERTAINMENT is buying back its debt and has hired CITIGROUP Corporate and Investment Banking to oversee its tender offer. The company is refinancing US$375 million in 8.75% senior subordinated notes due 2012 at a rate of US$1,043.75 per $1,000. principal amount (with $20. per $1,000. face value in exchange for consents received by DECEMBER 29 to eliminate restrictive covenants) and is proposing a buyback of up to 3 million Class B non-voting shares (up to 7% of the total).

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