Quebecor Media to price $750 million two-part note offering Tuesday

By Paul A. Harris

St. Louis, July 9 - Quebecor Media Inc. is expected to price a $750 million two-part offering of senior notes (confirmed B2/existing B) on Tuesday, according to market sources.

The company is offering 8.5-year notes, with four years of call protection, and 10.5-year notes, with five years of call protection.

No price talk had been heard as Prospect News went to press on Monday night.

Citigroup, Banc of America Securities LLC and TD Securities are the joint bookrunners for the Rule 144A for life offering.

Proceeds will be used for general corporate purposes, which may include acquisitions, capital expenditures and the repayment of existing debt.

The prospective issuer is a subsidiary of Montreal-based media conglomerate Quebecor Inc.

© 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.