New Issue: Videotron prices C$375 million notes due 2026 at par to yield 5.75%

By Cristal Cody

Tupelo, Miss., Sept. 10 – Videotron Ltd. sold C$375 million of senior notes due Jan. 15, 2026 at par to yield 5.75% in a private placement offering on Thursday, according to a market source.

The notes (Ba2/BB) priced with a spread of 425.8 basis points versus the interpolated Government of Canada bond curve.

RBC Dominion Securities Inc., BofA Merrill Lynch, National Bank Financial Inc. and BMO Nesbitt Burns Inc. were the lead managers.

Videtron is a Montreal-based telecommunications company and subsidiary of Quebecor Media Inc.

Issuer:	Videotron Ltd.
Amount:	C$375 million
Maturity:	Jan. 15, 2026
Securities:	Senior notes
Bookrunners:	RBC Dominion Securities Inc., BofA Merrill Lynch, National Bank Financial Inc., BMO Nesbitt Burns Inc.
Co-managers:	TD Securities Inc., Scotia Capital Inc., Desjardins Securities Inc., CIBC World Markets Inc., Citigroup Global Markets Canada Inc., HSBC Capital (Canada) Inc., Laurentian Bank Securities, Inc.
Coupon:	5.75%
Price:	Par
Yield:	5.75%
Spread:	425.8 bps over interpolated Government of Canada bond curve
Call feature:	Non-callable first five years
Pricing date:	Sept. 10
Settlement date:	Sept. 15
Ratings:	Moody’s: Ba2
	Standard & Poor’s: BB
Distribution:	Canada private placement

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