Vidéotron Completes Offering of Senior Notes

On September 16, 2005, Vidéotron Ltée, Quebec's leading and one of Canada's largest cable operators, completed a private placement in the United States and Canada of US$175 million 6 3⁄8 per cent senior notes due December 15, 2015. The new senior notes were sold at a slight discount to their face amount. Vidéotron has undertaken to file a registration statement with the U.S. Securities and Exchange Commission pursuant to which the privately placed senior notes will be exchanged for substantially identical notes that will evidence the same continuing indebtedness. The senior notes offering was led by Banc of America Securities LLC and Citigroup Global Markets Inc., as joint book-running managers. Vidéotron is a wholly-owned subsidiary of Quebecor Media Inc.

The transaction was led in-house by Frédéric Despars, senior director, legal affairs, and Martin Corbo, legal counsel, financing and M&A, both of Quebecor Media. Ogilvy Renault LLP acted as counsel to Vidéotron on both Canadian and US law matters with a team that comprised of Marc Lacourcière, Solomon Sananes, Andrew Bleau, Elliot Shapiro and Peter Wiazowski (Canadian and US corporate and securities), Jules Charette (tax) and Steve Tenai (regulatory). Richard Andersen of Arnold & Porter LLP advised Vidéotron with respect to US tax matters.

The joint book-running managers of the senior notes offering were represented on Canadian law matters by Stikeman Elliott LLP with a team that included J. Anthony Penhale, Benoît Dubord and Gil Michel-Garcia (corporate and securities), Gregory Kane, Q.C., (regulatory) and Luc Bernier (tax), and on US law matters by Shearman & Sterling LLP with a team that included Christopher Cummings, Adam Givertz and Mark Lanpher.