Vidéotron Wraps Up Refinancing

Publish date:

Canadian MSO Vidéotron Ltée finished a $690 million ($920 million Canadian) refinancing, selling $335 million in 6.875% senior notes and obtaining a $75 million five-year revolving bank facility and a $276 million five-year term loan.

The proceeds replace former bank facilities at the Quebecor Media Inc. unit, which has about 1.45 million subscribers in Quebec.