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

Videotron Ltd. Prices US$600,000,000 Senior Notes Offering 
MONTREAL, QUEBEC -- (Marketwired) -- 03/26/14 --   Videotron Ltd.
today announced the pricing of its new issuance of US$600.0 million
aggregate principal amount of 5 3/8% Senior Notes due 2024. The new
senior notes will be sold at par, will carry a coupon of 5 3/8% 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 9 1/8% 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. 
Videotron (www.videotron.com), 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 December 31, 2013, Videotron was serving 1,825,100 cable
television customers, including 1,531,400 subscribers to Digital TV.
Videotron is also the Quebec leader in high-speed Internet access,
with 1,418,300 subscribers to its cable service as of December 31,
2013. As of the same date, Videotron had 503,300 subscriber
connections to its mobile telephone service and was providing cable
telephone service to 1,286,100 Quebec households and organizations.
For the ninth consecutive year, Videotron was ranked as Quebec's most
respected telecommunications company, based on a Leger 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 forward-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, 2013 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.
Telephone: 514 380-4144 
For media only
Youann Blouin
Specialist, Media and Analysts
Corporate Communications
Telephone: 514 380-7069
 
 
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