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

FOR: Videotron Ltd. 
MARCH 26, 2014 
Videotron Ltd. Prices US$600,000,000 Senior Notes Offering 
MONTREAL, QUEBEC--(Marketwired - March 26, 2014) - 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 (, 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
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. 
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 
INDUSTRY:  Media and Entertainment - Television, Telecom - Cable and Satellite
Services, Telecom - Networking, Telecom - Telecommunication Services, Telecom -
-0- Mar/27/2014 00:31 GMT
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