Quebecor Media roadshow for C$250 million 10-year notes starts Monday

By Cristal Cody

Prospect News, Dec. 9 - Quebecor Media Inc. is expected to start a roadshow for C$250 million of senior unsecured notes due Jan. 15, 2021 on Monday, an informed source said.

The roadshow starts Monday in Toronto and continues Tuesday in Montreal. The notes will be sold under Rule 144A.

Scotia Capital Inc., TD Securities Inc. and National Bank Financial Inc. are the lead managers. Co-managers include Bank of America Merrill Lynch, RBC Capital Markets Corp., Citigroup Global Markets Inc., BMO Capital Markets Corp., Desjardins Securities Inc., HSBC Capital (Canada) Inc. and CIBC World Markets Inc.

The notes will have a change-of-control put at 101%.

Proceeds will be used by subsidiary Sun Media Corp. to redeem and retire all outstanding Sun Media notes in February and to finance the settlement and termination of related hedging contracts.

Montreal-based Quebecor Media is a subsidiary of Quebecor Inc., one of Canada's largest communications and media companies.

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