Videotron halts sale of $800M senior notes

MONTREAL - Videotron said Wednesday that it has closed the sale of its senior notes worth US$800 million scheduled to mature in 2022. The Quebecor-owned company said that it intends to use proceeds from this issuance to redeem or prepay its outstanding senior notes due in 2014, worth approximately US$395 million, and to repay all borrowings on its revolving credit facility. The balance will be used for general corporate purposes. www.videotron.com