Cable / Telecom News

Quebecor prices new senior notes


MONTREAL - Quebecor Media has priced its new senior notes due 2021 of an aggregate principal amount of $325.0 million.The new senior notes will be sold at par, will carry a coupon of 7 3/8 % and will mature on January 15, 2021. The company said that it intends to use the net proceeds of this offering to effect a contribution to Sun Media Corporation and for “general corporate purposes”.Sun Media intends to use the proceeds to finance the redemption and retirement of its outstanding 7 5/8 % senior notes due February 15, 2013 on or about February 15, 2011, and...