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

Videotron Ltd. Announces Closing of US$600,000,000 Senior Notes Offering 
FOR: Videotron Ltd. 
APRIL 9, 2014 
Videotron Ltd. Announces Closing of US$600,000,000 Senior Notes Offering 
MONTREAL, QUEBEC--(Marketwired - April 9, 2014) - 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
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 
INDUSTRY:  Media and Entertainment - Television, Telecom - Cable and Satellite
Services, Telecom - Networking, Telecom - Telecommunication Services, Telecom -
-0- Apr/09/2014 13:42 GMT
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