NEWS RELEASE TRANSMITTED BY Marketwired
FOR: Videotron Ltd.
TSX SYMBOL: QBR.A
TSX SYMBOL: QBR.B
MARCH 26, 2014
Videotron Ltd./Videotron Ltee: Notice of Partial Redemption
9 1/8% Senior Notes due April 15, 2018
CUSIP No. 92658T AM0
MONTREAL, QUEBEC--(Marketwired - March 26, 2014) -
Pursuant to Sections 3.01, 3.03 and 3.07 of the Indenture (the
"Indenture"), dated as of April 15, 2008, by and among Videotron Ltd.
("Videotron"), a corporation under the laws of the Province of
Quebec, each subsidiary guarantor party thereto, and Wells Fargo Bank, National
Association, as trustee and paying agent (the "Trustee"), notice is
hereby given that, subject to the terms of the Indenture, Videotron is electing
to redeem US$260,000,000 aggregate principal amount of its outstanding 9 1/8%
Senior Notes due April 15, 2018 (the "Notes") at a redemption price
of 103.042% of the principal amount redeemed, plus accrued and unpaid interest
on the Notes redeemed to, but not including, the Redemption Date (as defined
below), on the terms set forth below. As at the date of this notice,
US$335,000,000 aggregate principal amount of the Notes is outstanding.
Capitalized terms used but not defined in this Notice of Redemption have the
meaning specified in the Indenture.
Redemption Date: April 24, 2014 (the "Redemption Date").
Redemption Price: US$1,030.42 in principal amount and premium per
US$1,000.00 principal amount redeemed, plus
approximately US$32.70 in accrued and unpaid interest
to but not including the Redemption Date (the
Paying Agent: Holders of the Notes will be paid the Redemption Price
upon presentation and surrender of their Notes for
redemption at the Paying Agent's address indicated
below. Notes called for redemption must be so
surrendered in order to collect the Redemption Price.
The Paying Agent's address for delivery of the Notes is
Registered & Certified
Mail: Regular Mail or Courier: In Person by Hand Only:
Wells Fargo Bank, National Wells Fargo Bank, Wells Fargo Bank,
Association National Association National Association
Corporate Trust Operations Corporate Trust Corporate Trust Services
MAC N9303-121 Operations Northstar East Building
P.O. Box 1517 MAC N9303-121 - 12th Floor
Minneapolis, MN 55480 6th St & Marquette 608 Second Avenue South
Avenue Minneapolis, MN 55402
Minneapolis, MN 55479
To facilitate prompt payment, the Notes called for redemption should be
surrendered as soon as possible to the Paying Agent. SECURITIES HELD IN
BOOK-ENTRY FORM WILL BE REDEEMED IN ACCORDANCE WITH THE APPLICABLE PROCEDURES
OF THE DEPOSITORY TRUST CORPORATION.
The Notes called for redemption are being redeemed pursuant to Section 3.07 of
the Indenture and will become due on the Redemption Date. The Redemption Price
will be paid promptly following the later of the Redemption Date and the time
of surrender of the Notes called for redemption to the Paying Agent. On the
Redemption Date, the Redemption Price will become due and payable upon each
Note to be redeemed, and, unless Videotron defaults in paying the Redemption
Price, interest on the Notes or portions of them called for redemption will
cease to accrue on and after the Redemption Date. Notes and portions of Notes
selected will be in amounts of US$1,000 or integral multiples of US$1,000,
except that if all the Notes of a Holder are to be redeemed, the entire
outstanding amount of Notes held by such Holder, even if not an integral
multiple of US$1,000, will be redeemed.
Neither Videotron nor the Trustee shall be held responsible for the selection
or use of the CUSIP numbers listed in this notice, nor is any representation
made by Videotron or the Trustee as to the correctness or accuracy of the CUSIP
numbers listed in this notice or printed on the Notes. They are included solely
for the convenience of the Holders.
If you have any questions concerning this notice of redemption, please contact
Jean-Francois Pruneau, Vice President, at (514) 380-4144 or via mail c/o
Videotron Ltd., 612 St-Jacques Street, Montreal, Quebec, Canada, H3C 4M8.
IMPORTANT NOTICE AND TAXPAYER INFORMATION
Under current United States federal income tax law, backup withholding, at a
current rate of 28%, generally may apply to the payment of gross redemption
proceeds, unless (i) in the case of a non-corporate holder that is a beneficial
owner of Notes and that is a United States person (as determined for U.S.
federal income tax purposes), the paying agent has received a properly
completed IRS Form W-9 setting forth the holder's taxpayer identification
number, or (ii) the holder otherwise establishes an exemption. A holder that is
a beneficial owner of Notes and that is not a United States person (as
determined for U.S. federal income tax purposes) generally may establish an
exemption from backup withholding by providing to the paying agent an IRS Form
W-8BEN, upon which it certifies its foreign status.
Direct inquiries to the Trustee by telephone at 1-800-344-5128 or by Fax at
Videotron Ltd./Videotron Ltee
By: Wells Fargo Bank, National Association, As Trustee
This notice of redemption is dated and given this 26th day of March, 2014.
FOR FURTHER INFORMATION PLEASE CONTACT:
INDUSTRY: Media and Entertainment - Television, Telecom - Cable and Satellite
Services, Telecom - Networking, Telecom - Telecommunication Services, Telecom -
-0- Mar/27/2014 00:45 GMT
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