Press Release
Videotron Ltd. Prices Private Offering of $600 Million Series 1 Senior Notes due 2029 and $400 Million Series 2 Senior Notes due 2034
Videotron Ltd. (“Videotron”) today announced the pricing of its $600 million aggregate principal amount of 4.650% Series 1 Senior Notes due July 15, 2029 (the “Series 1 Notes”) and $400 million aggregate principal amount of 5.000% Series 2 Senior Notes due July 15, 2034 (the “Series 2 Notes” and, together with the Series 1 Notes, the “Notes”) (this offering, the “Offering”). The Series 1 Notes will be sold at $999.47 per $1,000 principal amount of Series 1 Notes and the Series 2 Notes will be sold at $996.75 per $1,000 principal amount of Series 2 Notes. Videotron intends to use the net proceeds of this Offering to repay existing indebtedness, which may include a portion of the revolving facility drawings under Videotron’s credit agreement and repayment of a portion of Videotron’s existing notes. The Offering is expected to close on or about June 21, 2024, subject to customary closing conditions.
June 14, 2024