Chicago, Sept. 24 – Videotron Ltd. priced a C$800 million issue of senior notes (Ba1/BB+) due Jan. 15, 2030 at par to yield 4½% on Tuesday, according to a news release.
The deal was upsized from C$400 million.
The Montreal-based telecommunications company plans to use the proceeds to repay some of its revolving credit facility and to pay transaction fees and expenses.
The company is a wholly owned subsidiary of Quebecor Media Inc.
| Issuers: | Videotron Ltd.
|
| Amount: | C$800 million
|
| Maturity: | Jan. 15, 2030
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| Securities: | Senior notes
|
| Coupon: | 4½%
|
| Price: | Par
|
| Yield: | 4½%
|
| Pricing date: | Sept. 24
|
| Ratings: | Moody's: Ba1
|
| S&P: BB+
|
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