DBRS Rates Videotron Ltee’s $260 million Notes Issue BB, Positive Trend

DBRS has today assigned a rating of BB to Videotron Ltee’s (Videotron or the Company) $260 million Senior Unsecured Notes (the Notes). The trend is Positive.

The Notes are being offered as an extension to an existing 9.125% notes issue maturing April 15, 2018, by way of the provisions under Rule 144A. The Notes will rank equally with all of the Company’s other unsecured unsubordinated debt.

DBRS expects Videotron to use the proceeds from the Notes to refinance drawings under its senior secured credit facility and for general corporate purposes.

Note:
All figures are in U.S. dollars unless otherwise noted.

The applicable methodology is Rating Cable, which can be found on our website under Methodologies.

This is a Corporate (Cable & Satellite) rating.