Quebecor Media Inc.: Notice of Partial Redemption
October 03 2012 - 9:19PM
Marketwired
Pursuant to Sections 3.01, 3.03 and 3.07 of the Indenture (the
"Indenture"), dated as of October 5, 2007 by and among Quebecor
Media Inc. ("QMI"), a corporation under the laws of the Province of
Quebec, each subsidiary guarantor party thereto, and U.S. Bank,
National Association, as trustee and paying agent (the "Trustee"),
notice is hereby given that, subject to the terms of the Indenture,
QMI is electing to redeem $320,000,000 aggregate principal amount
of outstanding 7 3/4% Senior Notes due March 15, 2016 (the "Notes")
at a redemption price of 102.583% 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$700,000,000
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: November 2, 2012 (the "Redemption Date").
Redemption Price: US$1,025.83 in principal amount per $1,000.00
principal amount redeemed, plus approximately
$29.49 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 Regular Mail or In Person by Hand
Mail: Courier: Only:
------------------------------------------------------------------------
U.S. Bank, National U.S. Bank, National U.S. Bank, National
Association Association Association
Corporate Trust Corporate Trust Corporate Trust
Services Services Services
1350 Euclid Ave. 1350 Euclid Ave. 1350 Euclid Ave.
CN-OH-RN11 CN-OH-RN11 CN-OH-RN11
Cleveland, OH 44115 Cleveland, OH 44115 Cleveland, OH 44115
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 QMI defaults in paying the Redemption
Price, interest on the Notes will cease to accrue on and after the
Redemption Date.
Neither QMI nor the Trustee shall be held responsible for the
selection or use of the CUSIP number listed in this notice, nor is
any representation made by QMI or the Trustee as to the correctness
or accuracy of the CUSIP number 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, Chief Financial Officer, at
(514) 380-4144 or via mail c/o Quebecor Media Inc., 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 800-934-6802 or
by Fax at 216-623-9202.
Quebecor Media Inc.
By: U.S. Bank, National Association, As Trustee
This notice of redemption is dated and given this 3rd day of
October, 2012.
Contacts: Jean-Francois Pruneau Chief Financial Officer (514)
380-4144
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