Chicago, Jan. 19 – Videotron Ltd. sold C$650 million of 3 1/8% senior notes due Jan. 15, 2031 at par, according to a press release on Tuesday.
The offering was launched at C$500 million.
The Montreal-based telecommunications company plans to use the proceeds for general corporate purposes, including, without limitation, for the repayment of a portion of its outstanding debt.
The company is a wholly owned subsidiary of Quebecor Media Inc.
| Issuers: | Videotron Ltd.
|
| Amount: | C$650 million
|
| Maturity: | Jan. 15, 2031
|
| Securities: | Senior notes
|
| Coupon: | 3 1/8%
|
| Price: | Par
|
| Yield: | 3 1/8%
|
| Pricing date: | Jan. 19
|
| Ratings: | Moody's: Ba1
|
| S&P: BB+
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
