Videotron Ltd. Announces Closing of C$400 Million Senior Notes Offering

Videotron Ltd. Announces Closing of C$400 Million Senior Notes Offering 
MONTREAL, QUEBEC -- (Marketwired) -- 06/17/13 -- Videotron Ltd. today
announced the closing of its issuance and sale of C$400.0 million
aggregate principal amount of its 5 5/8% Senior Notes due 2025. The
new senior notes were sold at par, carry a coupon of 5 5/8% and will
mature on June 15, 2025, being the first 12-year Canadian-dollar
high-yield corporate bond issued in the Canadian market. Strong
demand permitted Videotron to upsize the offering with pricing on the
tight end of a favorable range. 
Videotron intends to use the proceeds of this offering to finance a
portion of the redemption and retirement of US$380.0 million
aggregate principal amount of its issued and outstanding 9 1/8%
Senior Notes due 2018 on or around July 2, 2013, to finance
settlement and termination costs, if any, of related hedging
contracts, and to pay related transaction fees and expenses.  
This press release is not an offer to sell or the solicitation of an
offer to buy securities in any jurisdiction. The Senior Notes due
2025 mentioned herein have not been and will not be registered under
the United States Securities Act of 1933, as amended, or applicable
state securities laws, and may not be offered or sold in the United
States absent registration or an applicable exemption from
registration. The securities mentioned herein 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 is being made on a basis which is exempt from the prospectus
and dealer registration requirements of such securities laws.  
On June 3, 2013, Videotron Ltd. announced a notice of partial
redemption of its issued and outstanding 9 1/8% Senior Notes due
2018, in accordance with the indenture governing such notes. 
Videotron, a wholly owned subsidiary of Quebecor Media Inc., is an
integrated communications company engaged in cable television,
interactive multimedia development, and Internet access, cable
telephone and mobile telephone services. Videotron is a leader in new
technologies with its illico interactive television service and its
broadband network, which supports high-speed cable Internet access,
analog and digital cable television, and other services. As of March
31, 2013, Videotron was serving 1,849,200 cable television customers,
including 1,500,300 subscribers Digital TV. Videotron is also the
Quebec leader in high-speed Internet access, with 1,397,300
subscribers to its cable service as of March 31, 2013. As of the same
date, Videotron had 420,900 subscriber connections to its mobile
telephone service and was providing cable telephone service to
1,274,000 Quebec households and organizations. For the eighth
consecutive year, Videotron was ranked as Quebec's most respected
telecommunications company by Les Affaires magazine, based on a Leger
Marketing survey.  
Forward-Looking Statements 
This news release contains "forward-looking information" within the
meaning of applicable Canadian securities legislation and
"forward-looking statements" within the meaning of United States
federal securities legislation (collectively, "forward-looking
statements"). All statements other than statements of historical
facts included in this press release, including statements regarding
our industry and our prospects, plans, financial position and
business strategy, may constitute fobecrd-looking statements. These
forward-looking statements are based on current expectations,
estimates, forecasts and projections about the industries in which we
operate as well as beliefs and assumptions made by our management.
Such statements include, in particular, statements about our plans,
prospects, financial position and business strategies. Words such as
"may," "will," "expect," "continue," "intend," "estimate,"
"anticipate," "plan," "foresee," "believe" or "seek" or the negatives
of these terms or variations of them or similar terminology are
intended to identify such forward-looking statements. 
Although we believe that the expectations reflected in these
forward-looking statements are reasonable, these statements, by their
nature, involve risks and uncertainties and are not guarantees of
future performance. Such statements are also subject to assumptions
concerning, among other things: our anticipated business strategies;
anticipated trends in our business; and our ability to continue to
control costs. We can give no assurance that these estimates and
expectations will prove to have been correct. Actual outcomes and
results may, and often do, differ from what is expressed, implied or
projected in such forward-looking statements, and such differences
may be material. Some important factors that could cause actual
results to differ materially from those expressed in these
forward-looking statements include, but are not limited to: general
economic, financial or market conditions; the intensity of
competitive activity in the industries in which we operate, including
competition from alternative means of programs and content
transmission; new technologies that would change consumer behaviour
toward our product suite; unanticipated higher capital spending
required or to address continued development of competitive
alternative technologies or the inability to obtain additional
capital to continue the development of our business; our ability to
implement successfully our business and operating strategies and
manage our growth and expansion; disruptions to the network through
which we provide our digital television, Internet access and
telephony services, and our ability to protect such services from
piracy; labour disputes or strikes; changes in our ability to obtain
services and equipment critical to our operations; changes in laws
and regulations, or in their interpretations, which could result,
among other things, in the loss (or reduction in value) of our
licenses or markets or in an increase in competition, compliance
costs or capital expenditures; our substantial indebtedness, the
tightening of credit markets, and the restrictions on our business
imposed by the terms of our debt; and interest rate fluctuations that
affect a portion of our interest payment requirements on long-term
debt. We caution you that the above list of cautionary statements is
not exhaustive.
These and other factors could cause actual results to differ
materially from our expectations expressed in the forward-looking
statements included in this press release, and you are encouraged to
read "Item 3. Key Information - Risk Factors" as well as statements
located elsewhere in Videotron's annual report on Form 20-F for the
year ended December 31, 2012 for further details and descriptions of
these and other factors. Each of these forward-looking statements
speaks only as of the date of this press release. We will not update
these statements unless applicable securities laws require us to do
so.
Contacts:
Jean-Francois Pruneau
Senior Vice President and Chief Financial Officer
Quebecor Media Inc.
514 380-4144 
For media only
Youann Blouin
Specialist, Media and Analysts
Corporate Communications
514 380-7069
Mobile: 438 491-0825
 
 
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