Cable & Telecom

Videotron to raise US$175 million

MONTREAL - Videotron Ltee announced today that it intends to offer, on a private placement basis, approximately US$175 million aggregate principal amount of unsecured senior notes due December 15, 2015.The net proceeds from the sale will be used to repay in full all of Videotron's outstanding indebtedness under its secured credit facilities, to pay a dividend to its parent company, Quebecor Media, and the balance, if any, will be applied to general corporate purposes.