Videotron Ltd. today announced the closing of its issuance and sale of C$375.0 million aggregate principal amount of 5.75% Senior Notes due 2026 (the “2026 Notes”). Videotron intends to use the proceeds of this offering to partially repay the amounts outstanding under its senior credit facilities and to pay transaction fees and expenses.
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 senior notes due 2026 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.