Videotron Ltd. Announces Closing of C$375,000,000 Senior Notes Offering

MONTRÉAL, Sept. 15, 2015 /PRNewswire/ - Videotron Ltd. today announced the closing of its issuance and sale of C$375.0 million aggregate principal amount of 5.75% Senior Notes due 2026 (the "2026 Notes").  Videotron intends to use the proceeds of this offering to partially repay the amounts outstanding under its senior credit facilities and to pay transaction fees and expenses.

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 2026 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.

Videotron (www.videotron.com), a wholly owned subsidiary of Quebecor Media Inc., is an integrated communications company engaged in cable television, interactive multimedia development, 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 June 30, 2015, Videotron was serving 1,747,700 cable television customers, including 1,515,700 Digital TV subscribers. Videotron is also the Québec leader in high-speed Internet access, with 1,539,100 subscribers to its cable service as of June 30, 2015. As of the same date, Videotron had 702,900 subscriber connections to its mobile telephone service and was providing cable telephone service to 1,337,700 Québec households and organizations. For the tenth consecutive year, Videotron was ranked as Québec's most respected telecommunications company, based on a Léger survey.  

SOURCE Videotron

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