Quebecor Media Inc. Announces Notice of Redemption for All of its 7 3/4% Senior Notes Due 2016
March 26 2014 - 5:25PM
Marketwired
Quebecor Media Inc. Announces Notice of Redemption for All of its 7
3/4% Senior Notes Due 2016
MONTREAL, QUEBEC--(Marketwired - Mar 26, 2014) - Quebecor Media
Inc. ("Quebecor Media") today announced that it has issued a notice
of redemption for all of its 7 3/4% Senior Notes due March 15, 2016
(CUSIP 74819RAK2) issued on October 5, 2007 (the "Notes"). A notice
of redemption (the "Redemption Notice") pursuant to the terms of
the indenture, dated as of October 5, 2007, 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 25, 2014 (the
"Redemption Date"), and the redemption price is 100.000% 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 announcement does not constitute an offer to buy or
sell or the solicitation of an offer to buy or sell any 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 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
Quebecor, a Canadian telecommunications, entertainment and news
media leader, is one of the best-performing integrated
communications companies in the industry. Driven by their
determination to deliver the best possible customer experience, all
of Quebecor's subsidiaries and brands are differentiated by their
high-quality, multiplatform, convergent products and services.
Quebecor (TSX:QBR.A)(TSX:QBR.B) is firmly based in Québec. It
holds a 75.36% interest in Quebecor Media, which employs more than
15,000 people in Canada.
A family business founded in 1950, Quebecor is strongly
committed to the community. Every year, it actively supports people
working with more than 400 organizations in the vital fields of
culture, health, education, the environment and
entrepreneurship.
Visit our website: www.quebecor.com
Follow us on Twitter: twitter.com/QuebecorMedia
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, 2013. 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.
Jean-Francois PruneauSenior Vice President and Chief Financial
OfficerQuebecor Media Inc.514-380-4144
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