MONTRÉAL, Jan. 22, 2021 /CNW
Telbec/ - Videotron Ltd. ("Videotron") today announced the
closing of its issuance and sale of C$650
million aggregate principal amount of 3.125%
Senior Notes due 2031. Videotron intends to use the proceeds
of this offering for general corporate purposes, including, without
limitation, for the repayment of a portion of its outstanding
indebtedness.
This press release is not an offer to sell or the
solicitation of an offer to buy securities in the United States or in any other
jurisdiction. The securities mentioned herein have not been and
will not be registered under the United States Securities Act of
1933 or applicable state securities laws, and the senior notes may
not be offered or sold in the United
States absent registration or an applicable exemption from
registration. The senior notes 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 notes
in Canada will be made on a basis
which is exempt from the prospectus and dealer registration
requirements of such securities laws.
Videotron (www.videotron.com), a wholly owned subsidiary of
Quebecor Media Inc., is an integrated communications company
engaged in cable television, entertainment, Internet access,
wireline telephone and mobile telephone services. Videotron is a
leader in new technologies with its Helix home entertainment and
management platform. As of September 30,
2020, Videotron was serving 1,481,800 cable television
customers and 452,900 subscribers to its Club illico video
streaming service. Videotron is also the Québec leader in
high-speed Internet access, with 1,773,600 subscribers to its cable
service as of September 30, 2020. As
of the same date, Videotron had 1,452,600 subscriber connections to
its mobile telephone service and was providing wireline telephone
service to 950,900 Québec households and organizations. Videotron
has been recognized as one of Montréal's top employers.
SOURCE Videotron