Videotron launches US commercial paper program up to USD 1 billion

  • Videotron, Quebecor subsidiary, launched a private-placement US commercial paper program with up to USD 1 billion outstanding.
  • Program allows issuance of senior unsecured notes with maturities up to 364 days.
  • Proceeds earmarked for general corporate purposes.
  • Revolving credit facility will provide liquidity backstop for note repayments.
  • Videotron plans to hedge foreign-exchange exposure tied to note issuance.


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