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Videotron Ltd. Prices C$650,000,000 Senior Notes Offering
Videotron Ltd. Prices C$650,000,000 Senior Notes Offering Canada NewsWire ...
About this update from Quebecor Inc. Class A
[{"type":"text","content":"\n \n \n \n Videotron Ltd. Prices C$650,000,000 Senior Notes Offering\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 Jan. 19, 2021\n \n /CNW Telbec/ - Videotron Ltd. (\"Videotron\") today announced the pricing of its new issuance of\n \n C$650 million\n \n aggregate principal amount of 3.125\n \n %\n \n Senior Notes due 2031. The new senior notes will be sold at par, will carry a coupon of 3.125\n \n %\n \n and will mature on\n \n January 15, 2031\n \n . Videotron intends to use the proceeds of this offering for general corporate purposes, including, without limitation, for the repayment of a portion of its outstanding indebtedness.\n \n \n \"We are very pleased with the Canadian market's response to this high yield note issuance, which has the lowest coupon rate this market has ever seen. This issuance, in addition to our liquidities of more than\n \n C$1.8 billion\n \n , positions us favourably for the upcoming spectrum auctions and the maturities of our notes. Once again, Videotron is strengthening its position as a top-tier issuer and continues to play a leading role,\" said\n \n Hugues Simard\n \n , Chief Financial Officer of Quebecor Inc. and Quebecor Media Inc.\n \n \n \n This press release is not an offer to sell or the solicitation of an offer to buy securities in\n \n the United States\n \n or in any other jurisdiction. 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 senior notes may not be offered or sold in\n \n the United States\n \n 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\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 Videotron (\n \n www.videotron.com\n \n ), a wholly own...