Technology

Videotron Ltd. Prices Private Offering of US$700 Million Senior Notes due 2035

Published

2 years ago

November 5, 2024

MONTRÉAL, Nov. 4, 2024 /CNW/ – Videotron Ltd. (“Videotron”) today announced the pricing of its US$700 million aggregate principal amount of 5.700% Senior Notes due January 15, 2035 (the “Notes”) (this offering, the “Offering”). The Notes will be sold at US$999.40 per US$1,000 principal amount of Notes. Videotron intends to use the net proceeds of this Offering, together with drawings under its revolving credit facility, to fund the repayment in full of its tranche A term loan due October 2025 under its credit agreement, and for the redemption in full of Videotron’s 5.75% Senior Notes due 2026, pursuant to the terms of the indenture governing such notes.

The Offering is expected to close on or about November 8, 2024, subject to customary closing conditions.

The securities mentioned herein have not been and will not be registered under the United States Securities Act of 1933 or applicable state securities laws, and the Notes may not be offered or sold in the United States absent registration or an applicable exemption from registration. The Notes are being offered in Canada on a private placement basis in reliance upon exemptions from the prospectus requirements under applicable securities legislation. The Notes have not been and will not be qualified for sale to the public under applicable securities laws in Canada and, accordingly, any offer and sale of the Notes in Canada will be made on a basis which is exempt from the prospectus and dealer registration requirements of such securities laws.

This news release shall not constitute an offer to sell or the solicitation of an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

This announcement does not constitute a redemption notice in respect of any 5.75% Senior Notes due 2026 (the “2026 Notes”). Any redemption of the 2026 Notes will be made pursuant to a notice of redemption under the indenture governing such notes.

Videotron, a wholly owned subsidiary of Quebecor Media Inc., is an integrated communications company engaged in television, entertainment, Internet access, wireline telephone and mobile telephone services.

Forward‑Looking Statements

This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation and “forward-looking statements” within the meaning of United States federal securities legislation (collectively, “forward-looking statements”). All statements other than statements of historical facts included in this press release, including statements regarding the prospects of our industry and our prospects, plans, financial position and business strategy, may constitute forward-looking statements. These forward-looking statements are based on current expectations, estimates, forecasts and projections about the industries in which we operate as well as beliefs and assumptions made by our management. Such statements include, in particular, statements about our plans, prospects, financial position and business strategies. Words such as “may,” “will,” “expect,” “continue,” “intend,” “estimate,” “anticipate,” “plan,” “foresee,” “believe,” or “seek,” or the negatives of these terms or variations of them or similar terminology, are intended to identify such forward-looking statements. Although we believe that the expectations reflected in those forward-looking statements are reasonable, these statements, by their nature, involve risks and uncertainties and are not guarantees of future performance. Such statements are also subject to assumptions concerning, among other things: our anticipated business strategies; anticipated trends in our business; anticipated reorganizations of any of our segments or businesses, and any related restructuring provisions or impairment charges; and our ability to continue to control costs. We can give no assurance that these estimates and expectations will prove to have been correct. Actual outcomes and results may, and often do, differ from what is expressed, implied or projected in such forward-looking statements, and such differences may be material. Some important factors that could cause actual results to differ materially from those expressed in these forward-looking statements include, but are not limited to: our ability to successfully continue developing our network and facilities-based mobile services; general economic, financial or market conditions and variations in our businesses; the intensity of competitive activity in the industries in which we operate; new technologies that might change consumer behaviour toward our product suite; unanticipated higher capital spending required to develop our network or to address the continued development of competitive alternative technologies, or the inability to obtain additional capital to continue the development of our business; our ability to implement successfully our business and operating strategies and manage our growth and expansion; risks relating to the acquisition of Freedom Mobile Inc. (“Freedom”), including our ability to successfully integrate Freedom’s operations and to realize synergies, and potential unknown liabilities or costs associated with the acquisition of Freedom; the anticipated benefits and effects of the acquisition of Freedom, which may not be realized in a timely manner or at all, and ongoing operating costs and capital expenditures, which could be different than anticipated, as well as unanticipated litigation or other regulatory proceedings associated with the acquisition of Freedom, which could result in changes to the parameters of the transaction; the impacts of the significant and recurring investments that will be required in our new Freedom, Videotron mobile virtual network operator and other markets for development and expansion and to compete effectively with the incumbent local exchange carriers and other current or potential competitors in these markets, including the fact that the post acquisition our business will continue to face the same risks that we currently face, but will also face increased risks relating to new geographies and markets; disruptions to the network through which we provide our digital television, Internet access, mobile and wireline telephony and over-the-top video services, and our ability to protect such services from piracy, unauthorized access or other security breaches; labour disputes or strikes; service interruptions resulting from equipment breakdown, network failure, the threat of natural disasters, epidemics, pandemics and other public health crises and political instability in some countries; the impact of emergency measures implemented by various levels of government; changes in our ability to obtain services and equipment critical to our operations; changes in laws and regulations, or in their interpretations, which could result, among other things, in the loss (or reduction in value) of our licenses or markets or in an increase in competition, compliance costs or capital expenditures; our substantial indebtedness, the tightening of credit markets, and the restrictions on our business imposed by the terms of our debt; and interest rate fluctuations that affect a portion of our interest payment requirements on long-term debt. We caution you that the above list of cautionary statements is not exhaustive. These and other factors could cause actual results to differ materially from our expectations expressed in the forward-looking statements included in this press release, and you are encouraged to read “Item 3. Key Information – Risk Factors” as well as statements located elsewhere in Videotron’s annual report on Form 20-F for the year ended December 31, 2023, and Videotron’s Quarterly Report under Form 6-K for the three- and six- month periods ended June 30, 2024, including Management’s Discussion and Analysis and unaudited interim condensed consolidated financial statements included therein for further details and descriptions of these and other factors. Each of these forward-looking statements speaks only as of the date of this press release. We will not update these statements unless applicable securities laws require us to do so.

SOURCE Videotron Ltd.

Technology

Sunbelt Solomon Announces TJC as New Investment Partner

Published

22 minutes ago

July 20, 2026

Leading Provider of Complete Lifecycle Power Solutions Enters Next Chapter of Growth with TJC

TEMPLE, Texas, July 20, 2026 /CNW/ — Sunbelt Solomon, a leading provider of complete lifecycle power solutions, today announced that investment funds managed by TJC, L.P. (“TJC”) have entered into a definitive agreement to acquire the company from Trilantic North America.

Leading Provider of Complete Lifecycle Power Solutions Enters Next Chapter of Growth with TJC

Headquartered in Temple, Texas, Sunbelt Solomon operates 42 locations across the United States, Canada, and Chile, and employs more than 1,600 team members. With TJC as its new investment partner, Sunbelt Solomon will continue executing its long-term growth strategy and will be well-positioned to expand its capabilities and deliver complete lifecycle power solutions across the regions it serves.

“Our success has always been driven by our people, our commitment to our customers, and a culture of safety, bold innovation, and excellence. Together with the support of Trilantic North America, we have built a stronger, more diversified organization and established an exceptional foundation for the future,” said Gus Cedeño, Chief Executive Officer of Sunbelt Solomon. “TJC recognizes the strength of our business and the opportunities ahead. As we begin this next chapter, we remain committed to investing in our people, serving our customers, and shaping the future of electrical infrastructure across the U.S., Canada, and Chile.”

Founded in 1982, TJC has a long history of partnering with leading industrial and power infrastructure businesses, supporting experienced management teams, and creating long-term value through operational excellence, strategic growth, and thoughtful investment in people and capabilities. TJC’s investment reflects a shared confidence in Sunbelt Solomon’s long-term strategy and its ability to continue growing while delivering exceptional value to customers.

“Sunbelt Solomon sits at the intersection of some of the most compelling power infrastructure trends we see today, from grid modernization and industrial reshoring to the build-out of data centers and renewable energy,” said Jim Sikorski, Principal at TJC. “The company’s fully integrated lifecycle service offering and highly experienced management team make it exceptionally well positioned to capitalize on this robust demand. We’re excited to support Gus and his team as they continue to scale the business.”

Charles Fleischmann, Partner and Head of Business Services at Trilantic North America, added, “Trilantic thanks Gus Cedeño and the entire Sunbelt Solomon team for bringing their hard work and dedication to the company every day. Throughout our partnership, the team has helped establish Sunbelt Solomon as a leading provider of complete lifecycle power solutions, meeting the growing needs of critical electrical infrastructure. We’re excited to see all they will accomplish in this next chapter.”

Terms of the transaction were not disclosed. The transaction is expected to close during the third quarter of 2026, subject to customary closing conditions and regulatory approvals.

About Sunbelt Solomon

Sunbelt Solomon is a leading provider of complete lifecycle power solutions. The company’s integrated capabilities include engineering, automation solutions, technical field services, temporary power solutions, the supply of new and remanufactured electrical power distribution equipment, and lifecycle asset management.

Headquartered in Temple, Texas, Sunbelt Solomon operates 42 locations across the United States, Canada, and Chile and employs more than 1,600 team members. The company serves utilities, industrial, oil and gas, commercial, renewable energy, data center, and other critical infrastructure customers, helping them improve reliability, extend asset life, and maximize the performance of their electrical infrastructure.

For more information, visit www.sunbeltsolomon.com.

About TJC

TJC, LP, formerly known as The Jordan Company, has worked for more than 40 years with CEOs, founders and entrepreneurs across a range of industries including Digital & Power Infrastructure, Diversified Industrials, Industrial Technology, Logistics & Business Services, Consumer, and Healthcare. With $31.9 billion of assets under management as of March 31, 2026, TJC is managed by a senior leadership team that has invested together for over 24 years on over 90 investments. TJC has offices in New York, Chicago, Miami and Stamford. For more information, please visit www.tjclp.com.

Media Contact

Michele Rast
Vice President, Marketing
Sunbelt Solomon
800.830.0251
michele.rast@sunbeltsolomon.com

View original content:https://www.prnewswire.com/news-releases/sunbelt-solomon-announces-tjc-as-new-investment-partner-302829920.html

SOURCE Sunbelt Solomon

Technology

Jenn Mack officially qualified as a Write-In Candidate for Governor of Texas

Published

22 minutes ago

July 20, 2026

AUSTIN, Texas, July 20, 2026 /PRNewswire/ — The following is a statement from Jenn Mack, Candidate for Governor of Texas.

My fellow Texans,

Today, I stand before you humbled, grateful, and determined to announce that I am now officially a Write-In Candidate for Governor of the Great State of Texas.

I am not running because a political party asked me to.

I am not running because a special interest group recruited me.

And I am certainly not running because I believe government has all the answers.

I am running because I believe Texas deserves better.

Our state has always been a beacon of freedom, opportunity, faith, personal responsibility, and common sense. Texans built this state with hard work, sacrifice, and an unwavering belief that government exists to serve the people, not the other way around.

Somewhere along the way, that relationship has become backwards.

Too many career politicians have become more concerned with winning the next election than solving today’s problems. Too many special interests have gained influence that rightly belongs to the people. Too much division has replaced common purpose.

Republicans blame Democrats.

Democrats blame Republicans.

Meanwhile, everyday Texans are simply trying to provide for their families, keep their communities safe, educate their children, afford their homes, and preserve the freedoms that generations before us fought so hard to protect.

I’m running because I believe Texans deserve a governor who works for every Texan, not just those who belong to one political party.

I am running as a write-in candidate because I refuse to believe that Texans only deserve the choices that political insiders approve.

This campaign belongs to every Texan who has ever said:

“There has to be a better way.”

Whether you’re Republican, Democrat, Libertarian, Independent, or whether you’ve simply become politically homeless, you have a place in this campaign.

This isn’t about left versus right.

This is about right versus wrong.

It’s about restoring trust.

Restoring accountability.

Restoring integrity.

And restoring the understanding that elected officials work for the citizens—not the citizens for the government.

Our campaign will focus on what truly matters.

We will fight to secure our border and uphold the rule of law.

We will defend Texas families and protect our children.

We will strengthen our electric grid and secure our water supply so Texans never again question whether basic necessities will be available.

We will support our law enforcement officers while ensuring our communities remain among the safest anywhere in America.

We will champion small businesses, ranchers, farmers, entrepreneurs, and working families who built this state’s economy.

We will protect constitutional freedoms and individual liberties that define who we are as Texans.

And above all, we will restore honesty, transparency, and accountability to state government.

I don’t pretend that one person can solve every problem.

But I do know this:

When Texans come together, there is nothing we cannot accomplish.

Throughout our history, Texans have never waited for someone else to rescue us.

We roll up our sleeves.

We help our neighbors.

We solve problems.

We lead.

That’s exactly what this campaign is about.

Over the coming months, I will travel from El Paso to Beaumont…

From Amarillo to Brownsville…

From Dallas to Houston…

From Lubbock to Corpus Christi…

And everywhere in between.

I won’t simply speak to crowds.

I’ll listen.

I’ll meet with parents, teachers, ranchers, business owners, veterans, first responders, healthcare workers, energy producers, community leaders, and everyday Texans whose voices have too often been ignored.

This campaign is not about me.

It is about you.

It is about the future we will build together.

Some people will say a write-in campaign cannot succeed.

History reminds us that every great movement began with people willing to challenge conventional wisdom.

Every major change began because ordinary citizens decided that accepting the status quo was no longer acceptable.

This campaign is about giving Texans another choice.

A real choice.

A choice based upon principles instead of party labels.

A choice based upon service instead of self-interest.

A choice based upon solutions instead of slogans.

If you believe government belongs to the people…

If you believe faith, family, freedom, and the Constitution still matter…

If you believe we can disagree without becoming enemies…

If you believe Texas can once again lead America by example…

Then I ask you to join us.

Volunteer.

Share our message.

Tell your family.

Tell your neighbors.

Tell your friends.

Most importantly, remember to write in Jenn Mack for Governor of Texas when you cast your ballot this November.

This campaign will not be powered by political machines.

It will be powered by Texans.

Together, we can prove that integrity still matters.

That leadership still matters.

That courage still matters.

And that the people, not the political establishment, still hold the ultimate power in this great state.

May God continue to bless each of you.

May God continue to bless the Great State of Texas.

And may God continue to bless the United States of America.

Thank you.

Let’s get to work!

Jenn Mack

Write-In Candidate for Governor of Texas

Contact: Mike Vardoulis
(949) 289-8653
Mike@dotconnector.net

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SOURCE Jenn Mack for Texas

Technology

Costa Rica Strengthens Engagement with South Korean and Japanese Companies to Attract New Investment

Published

22 minutes ago

July 20, 2026

PROCOMER carried out an investment promotion mission in both Asian markets to position Costa Rica as a strategic platform for regional operations.

SAN JOSÉ, Costa Rica, July 21, 2026 /PRNewswire/ — As part of its strategy to diversify the sources of foreign direct investment (FDI) flowing into the country, the Trade and Investment Promotion Agency of Costa Rica (PROCOMER) conducted an investment promotion mission to South Korea and Japan aimed at strengthening relationships with companies already operating in Costa Rica while positioning the country as a strategic platform for regional business expansion.

The mission included meetings with multinational companies, investors, and business organizations, as well as the Costa Rica Investment Day Seoul 2026 and Costa Rica Investment Day Tokyo 2026 events, which brought together more than 75 business and institutional representatives from both markets. The visit took place at a time when Asian companies are accelerating the diversification of their supply chains and evaluating new locations to strengthen their international operations. Against this backdrop, Costa Rica continues to reinforce its positioning as a competitive investment destination, supported by key advantages including a highly skilled and growing talent pool, political and economic stability, sustainability, legal certainty, and preferential access to major international markets.

“Asia represents a strategic opportunity to diversify the origins of foreign direct investment in Costa Rica. South Korea and Japan are home to globally recognized companies in manufacturing, technology, logistics, and business services, all of which maintain significant international investment capacity. Strengthening our presence in these markets enables us to broaden our pipeline of potential investors, create new opportunities for the country, and continue positioning Costa Rica as a trusted partner for high value-added investment projects across the region,” said Mónica Umaña, FDI Attraction Manager at the Trade and Investment Promotion Agency of Costa Rica (PROCOMER).

The mission—joined by Costa Rica’s Ambassador to South Korea, Jorge Valerio, and Costa Rica’s Ambassador to Japan, Sussi Jiménez—provided an opportunity for PROCOMER to present Costa Rica’s value proposition to South Korean and Japanese companies evaluating expansion opportunities across the Americas. The agency also promoted investment opportunities in sectors including light and advanced manufacturing, packaging, construction materials, plastics, chemicals, logistics, distribution, international trade, retail, digital technologies, corporate services, agribusiness, and medical devices. In addition, meetings were held with companies already established in Costa Rica to explore new opportunities for growth and expansion.

Beyond showcasing Costa Rica’s competitive advantages, PROCOMER met with prospective investors and the headquarters of companies already operating in the country to gain insights into their expansion plans, strengthen long-term relationships, identify emerging investment trends, gather market intelligence, and establish new strategic contacts to support Costa Rica’s FDI attraction strategy. South Korean company SAE and Japanese medical technology company Terumo, both of which have operations in Costa Rica, also shared their experiences investing in the country with other potential investors.

Fourteen companies from South Korea and Japan currently operate in Costa Rica, reflecting the diversity and sophistication of Asian investment in the country. Among the success stories is SAE, which operates three highly automated cotton yarn manufacturing facilities. Hitachi has established a corporate and technology services operation in Costa Rica that provides regional and global support in areas including information technology, business process services, and shared business services, reinforcing the country’s position as a leading knowledge-intensive services hub. Meanwhile, Terumo operates a high-tech medical device manufacturing facility producing equipment for cardiovascular procedures as well as blood and cell technologies. The company has recently expanded its Costa Rican operation by adding engineering and research and development (R&D) capabilities, further strengthening the country’s role as a strategic hub for the global medical device industry.

View original content:https://www.prnewswire.com/apac/news-releases/costa-rica-strengthens-engagement-with-south-korean-and-japanese-companies-to-attract-new-investment-302829952.html

SOURCE PROCOMER