Videotron Ltd. Announces Closing of US$600,000,000 Senior Notes Offering

Videotron Ltd. today announced the closing of its issuance and sale of US$600 million aggregate principal amount of 5⅛% Senior Notes due 2027 (the “2027 Notes”). Videotron intends to use the proceeds of this issuance to redeem and retire the entire outstanding amount of 6⅞% Senior Notes due 2021, to repay drawings under its revolving credit facilities and to pay transaction fees and expenses. Strong demand allowed Videotron to price the issuance at the low end of price talk.

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 2027 Notes have not been and will not be registered under the United States Securities Act of 1933 or applicable state securities laws, and the 2027 Notes may not be offered or sold in the United States absent registration or an applicable exemption from registration.  The 2027 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.

On March 31, 2017, Videotron announced the distribution of a notice of redemption under the indenture governing its issued and outstanding 6⅞% Senior Notes due 2021 for the redemption of all of such outstanding notes on May 1, 2017. This press release does not constitute a notice of redemption with respect to the 6⅞% Senior Notes due 2021.

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