Videotron Ltd. Announces Notice of Redemption for its 6 7/8% Senior Notes Due January 15, 2014
February 29 2012 - 6:39PM
Marketwired
VIDEOTRON LTD./VIDEOTRON LTEE
NOTICE OF REDEMPTION FOR ANY AND ALL OUTSTANDING
6 7/8% Senior Notes due January 15, 2014
CUSIP No. 92658TAG3
Pursuant to Sections 3.01, 3.03 and 3.07 of the Indenture (the
"Indenture"), dated as of October 8, 2003, by and among Videotron
Ltd. ( "Videotron"), a corporation under the laws of the Province
of Quebec, each subsidiary guarantor party thereto, and Wells Fargo
Bank, National Association (as successor to Wells Fargo Bank
Minnesota, N.A.), 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 6 7/8% Senior Notes
due January 15, 2014 (the "Notes") at a redemption price of
100.000% 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, US$395,000,000 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: March 30, 2012 (the "Redemption Date").
Redemption Price: US$1,000.00 in principal amount per $1,000.00
principal amount redeemed, plus approximately $14.32 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:
Registered & Certified
Mail: Regular Mail or Courier: In Person by Hand Only:
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Wells Fargo Bank, Wells Fargo Bank, Wells Fargo Bank,
National Association National Association National Association
Corporate Trust Corporate Trust
Operations Operations Corporate Trust Services
Northstar East Building -
MAC N9303-121 MAC N9303-121 12th Floor
P.O. Box 1517 6th St & Marquette Avenue 608 Second Avenue South
Minneapolis, MN 55480 Minneapolis, MN 55479 Minneapolis, MN 55402
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 THE DEPOSITORY TRUST
CORPORATION.
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 will cease to accrue on and
after the Redemption Date.
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,
Montreal, Quebec, Canada, H3C 4M8.
IMPORTANT NOTICE AND TAXPAYER INFORMATION
Under current United States federal income tax law, backup
withholding, at a rate of 28%, generally may apply to the payment
of gross redemption proceeds, unless (i) in the case of a
non-corporate holder that is a beneficial owner of Notes and that
is a United States person (as determined for U.S. federal income
tax purposes), the paying agent has received a properly completed
IRS Form W-9 setting forth the holder's taxpayer identification
number, or (ii) the holder otherwise establishes an exemption. A
holder that is a beneficial owner of Notes and that is not a United
States person (as determined for U.S. federal income tax purposes)
generally may establish an exemption from backup withholding by
providing to the paying agent an IRS Form W-8BEN, upon which it
certifies its foreign status.
Direct inquiries to the Trustee by telephone at 1-800-344-5128
or by Fax at 612-667-6282.
Videotron Ltd./Videotron Ltee
By: Wells Fargo Bank, National Association, As Trustee
This notice of redemption is dated and given this 29th day of
February, 2012.
Contacts: Spokesperson Jean-Francois Pruneau Vice President
Videotron 514 380-4144
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