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Videotron Ltd. Prices Private Offering of US$500 Million Senior Notes due 2029 and C$750 Million Senior Notes due 2028
Videotron Ltd. Prices Private Offering of US$500 Million Senior Notes due 2029 and C$750 ...
About this update from Mcfarlane Lake Mining Limited
[{"type":"text","content":"\n \n \n \n Videotron Ltd. Prices Private Offering of US$500 Million Senior Notes due 2029 and C$750 Million Senior Notes due 2028\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n MONTRÉAL,\n \n June 3, 2021\n \n /CNW Telbec/ - Videotron Ltd. (\"Videotron\") today announced the pricing of its issuance of\n \n US$500 million\n \n aggregate principal amount of 3.625% Senior Notes due 2029 (the \"US$ Notes\") and\n \n C$750 million\n \n aggregate principal amount of 3.625% Senior Notes due 2028 (the \"C$ Notes\" and, together with the US$ Notes, the \"notes\"). The notes will be sold at par. The US$ Notes will carry a coupon of 3.625% and will mature on\n \n June 15, 2029\n \n , and the C$ Notes will carry a coupon of 3.625% and will mature on\n \n June 15, 2028\n \n . Videotron intends to use the net proceeds of this offering to repay the amounts outstanding under its senior credit facility, which is expected to be drawn to finance the price of the redemption and retirement of the entire\n \n US$800 million\n \n outstanding principal amount of Videotron's 5% Senior Notes due 2022, and for general corporate purposes.\n \n \n \n The offering is anticipated to close in\n \n June 2021\n \n and the redemption of the 5% Senior Notes due 2022 is expected to be completed in\n \n July 2021\n \n .\n \n \n \n \n The securities 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 notes may not be offered or sold in\n \n the United States\n \n absent registration or an applicable exemption from registration. The 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\n \n Canada\n \n will be made on a basis which is exempt from the prospectus and dealer registration requirements of such securities laws.\n \n \n \n \n This news release shall not constitute an offer to sell or the solicitation of an offer to sell or ...