New issue: Quebecor Media $525 million 10-year notes yield 7¾%

By Paul A. Harris

St. Louis, Jan. 11 - Quebecor Media Inc. priced a $525 million issue of senior notes due March 15, 2016 (B2/B) at par on Wednesday to yield 7¾%, according to an informed source.

The yield came at the tight end of the 7¾% to 7 7/8% price talk.

Citigroup, Banc of America Securities LLC and Credit Suisse First Boston ran the books for the issue, which was sold via Rule 144A with registration rights.

Proceeds will be used to refinance debt.

The issuer is a subsidiary of Quebecor Inc, a diversified media company with headquarters in Montreal, Quebec.

Issuer:	Quebecor Media Inc.
Amount:	$525 million
Maturity:	March 15, 2016
Security description:	Senior notes
Bookrunners:	Citigroup, Banc of America Securities LLC, Credit Suisse First Boston
Coupon:	7¾%
Price:	Par
Yield:	7¾%
Spread:	330 basis points
Call features:	Callable after March 15, 2011 at 103.875, 102.583, 101.292, par on and after March 15, 2014
Equity clawback:	Until March 15, 2009 for 35% at 107.75
Trade date:	Jan. 11
Settlement date:	Jan. 17
Ratings:	Moody's: B2
	Standard & Poor's: B
Distribution:	Rule 144A with registration rights
Price talk:	7¾%-7 7/8%

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