Videotron to price $300 million add-on to 6 7/8% notes

St. Louis, Nov. 12 - Videotron Ltee. plans to price a $300 million add-on to its 6 7/8% senior notes due Jan. 15, 2014 (expected ratings Ba3/B+) on Monday, according to an informed source.

Banc of America Securities and Citigroup are joint bookrunners for the Rule 144A with registration rights offering.

The notes become callable after Jan. 15, 2009 at 103.438, with the call premium declining annually thereafter to 102.292, 101.146 and to par on or after Jan 15, 2012. The notes also contain an equity clawback until Jan. 15, 2007 for 35% at 106.875.

Proceeds will be used to refinance the company's term loan C and for general corporate purposes.

The $335 million issue originally priced at par on Oct. 2, 2003.

Videotron is a Montreal-based cable television operator.

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