Videotron Ltd. Announces Notice of Redemption for a Portion of its 9 1/8% Senior Notes Due April 15, 2018
June 03 2013 - 10:54PM
Marketwired
Videotron Ltd. ("Videotron") today announced that it has issued a
notice of redemption for US$380.0 million aggregate principal
amount of its outstanding 9 1/8% Senior Notes due April 15, 2018
(CUSIP 92658T AM0) (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 2, 2013 (the "Redemption Date"), and the redemption price
is 104.563% 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 the
solicitation of an offer to sell securities in any jurisdiction or
in any circumstances in which such offer or solicitation is
unlawful. The securities mentioned herein have not been and will
not be qualified for sale to the public under applicable Canadian
securities laws.
Videotron, 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 illico interactive television service and
its broadband network, which supports high-speed cable Internet
access, analog and digital cable television, and other services. As
of March 31, 2013, Videotron was serving 1,849,200 cable television
customers, including 1,500,300 subscribers Digital TV. Videotron is
also the Quebec leader in high-speed Internet access, with
1,397,300 subscribers to its cable service as of March 31, 2013. As
of the same date, Videotron had 420,900 subscriber connections to
its mobile telephone service and was providing cable telephone
service to 1,274,000 Quebec households and organizations. For the
eighth consecutive year, Videotron was ranked as Quebec's most
respected telecommunications company by Les Affaires magazine,
based on a Leger Marketing survey.
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. Some important
factors that could cause actual results to differ materially from
those expressed in these forward-looking statements include, but
are not limited to: general economic, financial or market
conditions; the intensity of competitive activity in the industries
in which we operate, including competition from alternative means
of programs and content transmission; new technologies that would
change consumer behaviour toward our product suite; unanticipated
higher capital spending required or to address continued
development of competitive alternative technologies or the
inability to obtain additional capital to continue the development
of our business; our ability to implement successfully our business
and operating strategies and manage our growth and expansion;
disruptions to the network through which we provide our digital
television, Internet access and telephony services, and our ability
to protect such services from piracy; labour disputes or strikes;
changes in our ability to obtain services and equipment critical to
our operations; changes in laws and regulations, or in their
interpretations, which could result, among other things, in the
loss (or reduction in value) of our licenses or markets or in an
increase in competition, compliance costs or capital expenditures;
our substantial indebtedness, the tightening of credit markets, and
the restrictions on our business imposed by the terms of our debt;
and interest rate fluctuations that affect a portion of our
interest payment requirements on long-term debt. We caution you
that the above list of cautionary statements is not exhaustive.
These and other factors could cause actual results to differ
materially from our expectations expressed in the forward-looking
statements included in this press release, and you are encouraged
to read "Item 3. Key Information - Risk Factors" as well as
statements located elsewhere in Videotron's annual report on Form
20-F for the year ended December 31, 2012 for further details and
descriptions of these and other factors. 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 Senior Vice President and Chief
Financial Officer Quebecor Media Inc. 514 380-4144 For media only:
Youann Blouin Specialist, Media and Analysts Corporate
Communications 514 380-7069 Mobile: 438 491-0825
Quebecor (TSX:QBR.A)
Historical Stock Chart
From Jun 2024 to Jul 2024
Quebecor (TSX:QBR.A)
Historical Stock Chart
From Jul 2023 to Jul 2024