Vidéotron Ltée
TSX : QBR.SV.B
TSX : QBR.MV.A

September 09, 2005 15:00 ET

Videotron Ltee Settles Terms of US$175 Million of Senior Unsecured Notes

MONTREAL, QUEBEC--(CCNMatthews - Sept. 9, 2005) - Videotron Ltee, a wholly-owned subsidiary of Quebecor Media Inc., announced today that it has priced its previously announced private placement of Senior Notes. The offering will consist of US$175 million aggregate principal amount of unsecured 6 3/8% Senior Notes due December 15, 2015. The Senior Notes will be sold at a small discount to their face value to yield 6.444%. The net proceeds of the offering of the Senior Notes will be used to repay all of the outstanding indebtedness under Videotron's secured revolving credit facility, to pay a dividend to Quebecor Media, and the balance, if any, will be applied to general corporate purposes.

These new Senior Notes have not been and will not be registered under the United States Securities Act of 1933, as amended, or the U.S. Securities Act, and may not be offered or sold within the United States except pursuant to a registration statement or pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act.

Videotron ltee (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 services and residential telephone service. Videotron is a leader in new technologies with its illico interactive television system and its broadband network, which supports high-speed cable Internet access, analog and digital cable television, and other services. Videotron serves 1,459,000 cable television customers in Quebec; including over 411,000 illico customers as of August 31, 2005. Videotron is also the Quebec leader in high-speed Internet access, with 591,000 customers to its cable modem and dial-up services. Videotron provides residential telephone service to more than 75,000 customers in Montreal, Quebec City, Laval and Montreal South Shore.

Contact Information

  • Quebecor Inc.
    Jacques Mallette
    Executive Vice President and Chief Financial Officer
    (514) 380-1948
    or
    Quebecor Inc.
    Luc Lavoie
    Executive Vice President, Corporate Affairs
    (514) 380-1947 or (514) 886-7665 (portable)
    lavoie.luc@quebecor.com