Cable & Telecom

Quebecor Media saving $80 million a year

MONTREAL - Quebecor Media today announced a long-term debt refinancing that will trim the company's annual financial expenses by close to $80 million. The refinancing, consisting primarily of the issuance of new senior notes and the entering into of new senior secured bank credit facilities, has enabled the company (which owns Videotron and TVA, among other assets) to repurchase its existing notes and will provide increased financial flexibility. For the full details, click here.