Videotron Ltd. Prices US$600,000,000 Senior Notes Offering

Videotron Ltd. today announced the pricing of its new issuance of US$600.0 million aggregate principal amount of 5⅜% Senior Notes due 2024. The new senior notes will be sold at par, will carry a coupon of 5⅜% and will mature on June 15, 2024. Videotron intends to use the proceeds of this offering to redeem and retire a portion of its issued and outstanding 9⅛% Senior Notes due 2018 (the “2018 Notes”) on or around April 24, 2014 pursuant to a notice of redemption transmitted pursuant to the indenture governing the 2018 Notes, to repay drawings under its revolving credit facility, to pay transaction fees and expenses and for general corporate purposes. Strong demand permitted Videotron to upsize the offering with favorable pricing, which clearly demonstrates the strength of the Company’s business and credit profile.

 

This press release is not an offer to sell or the solicitation of an offer to buy securities in the United States or in any other jurisdiction. The senior notes due 2024 mentioned herein have not been and will not be registered under the United States Securities Act of 1933 or applicable state securities laws, and the senior notes may not be offered or sold in the United States absent registration or an applicable exemption from registration.  The senior notes have not been and will not be qualified for sale to the public under applicable Canadian securities laws and, accordingly, any offer and sale of the notes in Canada will be made on a basis which is exempt from the prospectus and dealer registration requirements of such securities laws.

 

Any purchase of the 2018 Notes will be made pursuant to a notice of redemption under the indenture governing the 2018 Notes.

Quick links