Quebecor Media Inc. Announces Notice of Redemption for a Portion of its 7 3/4% Senior Notes due March 15, 2016
March 28 2012 - 2:47PM
Marketwired
Quebecor Media Inc. (TSX:QBR.A)(TSX:QBR.B)("Quebecor Media") today
announced that it has issued a notice of redemption for
US$81,473,000 aggregate principal amount of its outstanding 7 3/4%
Senior Notes due March 15, 2016 (CUSIP 74819RAG1) (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 U.S. Bank, National Association, the trustee
under the Indenture. The Redemption Notice issued today states that
the redemption date is April 27, 2012 (the "Redemption Date"), and
the redemption price is 102.583% 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
U.S. Bank, National Association, by telephone at 1-800-934-6802 or
by facsimile at (216) 623-9202.
This redemption is separate from and in addition to the
redemption previously announced by Quebecor Media on March 14, 2012
to be effected on April 13, 2012, of US$100,000,000.00 aggregate
principal amount of Notes outstanding on April 13, 2012 at a price
equal to 102.583% of such Notes, plus accrued and unpaid interest
pursuant to the terms of the indenture governing the Notes.
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.
About Quebecor Media Inc.
Quebecor Media Inc. is a subsidiary of Quebecor Inc. (TSX:QBR.A)
(TSX:QBR.B), one of Canada's most important holding company
operating in the telecommunications and media businesses. With more
than 16,000 employees, Quebecor Media Inc., through its subsidiary
Videotron Ltd., is an integrated communications company engaged in
cable television, interactive multimedia development, Internet
access services, cable telephone services and mobile telephone
services. Through Sun Media Corporation, Quebecor Media Inc. is the
largest publisher of newspapers in Canada. It also operates
Canoe.ca and its network of English and French language Internet
properties in Canada. In the broadcasting sector, Quebecor Media
Inc. operates, through TVA Group Inc., the number one French
language general interest television network in Quebec, a number of
specialty channels and the SUN News English language channel.
Another subsidiary of Quebecor Media Inc., Nurun Inc., is a major
interactive technologies and communications agency with offices in
Canada, the United States, Europe and Asia. Quebecor Media Inc. is
also active in magazine publishing (TVA Publishing Inc.), book
publishing and distribution (Sogides Group Inc. and CEC Publishing
Inc.), the production, distribution and retailing of cultural
products (Archambault Group Inc. and TVA Films), video game
development (BlooBuzz Studios, L.P.), DVD, Blu-ray disc and
videogame rental and retailing (Le SuperClub Videotron Ltd), the
printing and distribution of regional newspapers and flyers
(Quebecor Media Printing Inc. and Quebecor Media Network Inc.),
news content production and distribution (QMI Agency),
multiplatform advertising solutions (QMI Sales) and the publishing
of printed and online directories, through Quebecor
MediaPages(TM).
Forward Looking Statements
This news release contains "forward-looking information" within
the meaning of applicable Canadian securities legislation and
"forward-looking statements" within the meaning of United States
federal securities legislation (collectively, "forward-looking
statements"). All statements other than statements of historical
facts included in this press release, including statements
regarding our industry and our prospects, plans, financial position
and business strategy, 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. Such statements include, in particular, statements
about our plans, prospects, financial position and business
strategies. Words such as "may," "will," "expect," "continue,"
"intend," "estimate," "anticipate," "plan," "foresee," "believe" or
"seek" or the negatives of these terms or variations of them or
similar terminology are intended to identify such forward-looking
statements. Although we believe that the expectations reflected in
these forward-looking statements are reasonable, these statements,
by their nature, involve risks and uncertainties and are not
guarantees of future performance. Such statements are also subject
to assumptions concerning, among other things: our anticipated
business strategies; anticipated trends in our business; and our
ability to continue to control costs. We can give no assurance that
these estimates and expectations will prove to have been correct.
Actual outcomes and results may, and often do, differ from what is
expressed, implied or projected in such forward-looking statements,
and such differences may be material. For additional information
regarding some important factors that could cause actual results to
differ materially from those expressed in these forward-looking
statements and other risks and uncertainties, and the assumptions
underlying the forward-looking statements, you are encouraged to
read "Item 3. Key Information - Risk Factors" as well as statements
located elsewhere in Quebecor Media's annual report on Form 20-F
for the year ended December 31, 2011. Each of these forward-looking
statements speaks only as of the date of this press release. We
will not update these statements unless applicable securities laws
require us to do so.
Contacts: Jean-Francois Pruneau Chief Financial Officer Quebecor
Inc. and Quebecor Media Inc.
514-380-4144jean-francois.pruneau@quebecor.com J. Serge Sasseville
Senior Vice President, Corporate and Institutional Affairs Quebecor
Media Inc. 514-380-1864serge.sasseville@quebecor.com
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