Cable & Telecom

Videotron raising $800M

MONTREAL - Videotron Ltd. announced this week the pricing of its new issuance of C$800 million aggregate principal amount of 4.5% Senior Notes due 2030.The new senior notes will be sold at par, will carry a coupon of 4.5% and will mature on January 15, 2030, reads the press release. The Quebecor division “intends to use the proceeds of this offering to repay a portion of the amounts outstanding under its senior credit facility and to pay transaction fees and expenses,” says the release.