Videotron Ltd./Vidéotron Ltée - Notice of Redemption for any and all Outstanding 7 1/8% Senior Notes due January 15, 2020
CUSIP Nos. 92660F AA2 / 92660F AB0
MONTREAL, June 16, 2015 /PRNewswire/ - Pursuant to Sections 3.01, 3.03 and 3.07 of the Indenture (the "Indenture"), dated as of January 13, 2010, by and among Videotron Ltd. ("Videotron"), a corporation under the laws of the Province of Québec, each subsidiary guarantor party thereto, and Computershare Trust Company of Canada, as trustee and paying agent (the "Trustee"), notice is hereby given that, subject to the terms of the Indenture, Videotron is electing to redeem all outstanding 7⅛% Senior Notes due January 15, 2020 (the "Notes") at a redemption price of 103.563% 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, $300,000,000 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 Terms: | ||
Redemption Date: | July 16, 2015 (the "Redemption Date"). | |
Redemption Price: | $1,035.63 in principal amount and premium per $1,000.00 principal amount redeemed, plus approximately $6.05 in accrued and unpaid interest to but not including the Redemption Date (the "Redemption Price"). | |
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 as follows: | |
Computershare Trust Company of Canada 1500, Robert-Bourassa Boulevard, 7th floor Montreal, Québec H3A 3S8 Attention: Fabienne Pinatel, Corporate Trust Services |
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 CDS CLEARING AND DEPOSITORY SERVICES INC.
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 $1,000 or integral multiples of $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 $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, Montréal, Québec, Canada, H3C 4M8.
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Direct inquiries to the Trustee by telephone at 1-800-564-6253 or by Fax at (514) 982-7677.
Videotron Ltd./Vidéotron Ltée
By: Computershare Trust Company of Canada, As Trustee
This notice of redemption is dated and given this 16th day of June, 2015.
SOURCE Videotron
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