Videotron Ltd. Announces Closing of US$600,000,000 Senior Notes Offering

Videotron Ltd. Announces Closing of US$600,000,000 Senior Notes Offering 
MONTREAL, QUEBEC -- (Marketwired) -- 04/09/14 --   Videotron Ltd.
today announced the closing of its issuance and sale of US$600
million aggregate principal amount of 5 3/8% Senior Notes due 2024
(the "2024 Notes"). Videotron intends to use the proceeds of this
issuance to redeem on April 24, 2014 US$260 million principal amount
of its outstanding 9 1/8% Senior Notes due 2018, to repay drawings
under its revolving credit facility, to pay transaction fees and
expenses and to use the remainder 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 2024 Notes have not been and will not be registered
under the United States Securities Act of 1933 or applicable state
securities laws, and the 2024 Notes may not be offered or sold in the
United States absent registration or an applicable exemption from
registration. The 2024 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.  
On March 26, 2014, Videotron announced the distribution of a notice
of redemption under the indenture governing its issued and
outstanding 9 1/8% Senior Notes due 2018 for the redemption of US$260
million aggregate principal amount of such notes on April 24, 2014.  
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 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. 
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
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