Videotron Ltd. Announces Notice of Redemption for a Portion of its 6 7/8% Senior Notes due January 15, 2014
June 17 2011 - 4:54PM
Marketwired
Videotron Ltd. today announced that it has issued a notice of
redemption for US$255,000,000 aggregate principal amount of its
outstanding 6 7/8% Senior Notes due 2014 (CUSIP 92658TAG3) (the
"Notes"). A notice of redemption (the "Redemption Notice") pursuant
to the terms of the indenture governing the Notes (the "Indenture")
is being distributed by Wells Fargo Bank, National Association, the
trustee under the Indenture. The Redemption Notice issued today
states that the redemption date is July 18, 2011 (the "Redemption
Date"), and the redemption price is 101.146% of the principal
amount of the notes redeemed, plus accrued and unpaid interest to
the Redemption Date. Questions regarding this redemption should be
directed to Wells Fargo Bank, National Association, by telephone at
1-800-344-5128 or by facsimile at (612) 667-6282.
This announcement does not constitute an offer to buy or sell or
the solicitation of an offer to sell or buy any securities in any
jurisdiction. The securities mentioned herein 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 securities in Canada will be made on a basis which is exempt
from the prospectus requirements of such securities laws.
Videotron Ltd. (www.videotron.com), 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 interactive
Digital TV service and its broadband network, which supports
high-speed cable Internet access, analog and digital cable
television, and other services. As of March 31, 2011, Videotron was
serving 1,808,600 cable television customers, including 1,243,700
subscribers to its digital service. Videotron is also the Quebec
leader in high-speed Internet access, with 1,263,600 subscribers to
its cable service as of March 31, 2011. As of the same date,
Videotron had 164,700 subscriber connections to its mobile
telephone service and was providing cable telephone service to
1,129,800 Quebec households and organizations. For the sixth
consecutive year, Videotron was named Quebec's most respected
telecommunications company by Les Affaires magazine, based on a
Leger Marketing survey.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of Section 27A of the United States Securities Act of
1933, as amended, and Section 21E of the United States Securities
Exchange Act of 1934, as amended, and forward-looking information
within the meaning of National Instrument 51-102 Continuous
Disclosure Obligations in Canada (collectively, "forward-looking
statements"). All statements other than statements of historical
facts included in this press release, 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. By their nature,
forward-looking statements require us to make assumptions and are
subject to important known and unknown risks and uncertainties,
which may cause our actual results in future periods to differ
materially from those set forth in the forward-looking statements.
For additional information with regarding these risks and
uncertainties, and the assumptions underlying the forward-looking
statements, you are encouraged to read the section entitled "Risk
Factors" of Videotron Ltd.'s annual report on Form 20-F for the
year ended December 31, 2010 for further details and descriptions
of these and other factors. We will not update these statements
unless applicable securities laws require us to do so.
Contacts: Spokesperson Jean-Francois Pruneau Vice President
Videotron 514 380-4144 For media only Elodie Girardin-Lajoie
Specialist, Media and Analysts Corporate Communications 514
380-7772 Mobile: 514 516-7772
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