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

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MONTRÉAL, Nov. 8, 2024 /CNW/ – Videotron Ltd. (“Videotron”) today announced the closing of its issuance and sale of US$700 million aggregate principal amount of 5.700% Senior Notes due January 15, 2035 as previously announced on November 4, 2024 (the “Notes”).

“A few months after its first issuance of investment grade notes in Canadian dollars, I am very proud to announce that Videotron has just completed its first issuance of investment grade notes in US dollars,” said Pierre Karl Péladeau, President and Chief Executive Officer of Quebecor. “The great success of this transaction demonstrates the North American financial markets’ trust in Videotron, enabling it to diversify its sources of financing and reduce its borrowing costs,” he added.

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.

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 nine- month periods ended September 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.

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Forging Ahead Together for Greater Heights｜WEPACK ASEAN 2024 Concludes Successfully

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29 minutes ago

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November 25, 2024

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SHANGHAI, Nov. 24, 2024 /PRNewswire/ — As 2024 draws to a close, we ushered in Malaysia’s grand packaging industry event – WEPACK ASEAN 2024, which has concluded successfully amid accolades, marked by advanced equipment demonstrations with widespread acclaim, successful order contract signings in enthusiastic exchanges, and a series of exciting events that heralded crowds of attendees.

Continuing its tradition, the exhibition was held at the Malaysia International Trade and Exhibition Centre in Kuala Lumpur, which was packed with 3,029 trade visitors during its run from November 14 to 16.

As a gala event in Southeast Asia’s packaging industry, WEPACK ASEAN 2024 occupied 8,000 square meters of exhibition area, and attracted over 120 quality exhibitors from Southeast Asia and beyond to the Malaysia International Trade and Exhibition Centre in Kuala Lumpur, showcasing innovative packaging industry technologies and news products. Once again targeting the Southeast Asian packaging industrial chain, it focused on crafting an extraordinary event that offers a wide variety of activities such as exhibitions, forums, matchmaking events, and visits to well-known enterprises, and provided a platform for in-depth exchanges and interactions among practitioners in the Southeast Asian packaging sector.

Six major themed exhibitions with exhibits covering the upstream and downstream industry

WEPACK ASEAN 2024 featured six themed exhibitions on site: Corrugated ASEAN, FoldingCarton ASEAN, Dprint ASEAN, Paper ASEAN, Packaging Containers Expo ASEAN and Food Pack & Tech ASEAN.
Among them, Packaging Containers Expo ASEAN and Food Pack & Tech ASEAN, newly added to this year’s exhibition as complements of the downstream packaging industrial chain (packaging products and finished packaging products), mobilized the participation of more buyers of carton and folding carton production equipment, led more brand-owning enterprises to the exhibition site, and also facilitated efficient communication between industrial chain enterprises on site.

Overseas associations and major manufacturers attended in groups

WEPACK ASEAN 2024 received strong support from numerous overseas specialized associations, such as Malaysian Corrugated Carton Manufacturers’ Association (MACCMA), Malaysia Printing Association (MPA) and Corrugated Box Manufacturers’ Association (CBMA), who flocked to the exhibition in groups, along with major international manufacturers from Malaysia and neighboring countries.

Asian Corrugated Cases Association (ACCA)Malaysia Printers AssociationFederation of Malaysian Manufacturers (FMM)Printing Industries Association of The Philippines (PPP)Corrugated Box Manufacturers Association, Singapore (CBMA)Malaysian Corrugated Carton Manufacturers’ Association (MACCMA)Asosiasi Kotak Karton Gelombang Indonesia (AKKGI)Lanka Corrugated Carton Manufacturers Association (LCCMA)Hong Kong Corrugated Paper Manufacturers’ Association Ltd (HKCPMA)Association Corrugated Converting Indonesia (ACCI)China Hefei Printing AssociationChinese Taipei Corrugated Case Association (CTCCA)New Taipei City Carton Business AssociationPrintpack Indonesia media group…

 

Onsite exhibition booths packed with big shots

A large-scale packaging exhibition in Southeast Asia, the WEPACK ASEAN 2024, along with its six shows, brought together over 120 quality packaging industrial chain suppliers, such as ANS Apollo, ECOSURE PULPMOLDING TECHNOLOGIES LIMITED, SANSIN PRIMA(M) SDN BHD, Valco Melton Malaysia SDN BHD, Inktone Packaging Solutions., CENTURY, OPS, CORRUGMA, BORREGAARD, ASIA NMA, VALCO, BONGDING, INKTONE, HAW LIIHY, Dongfang Precision, Wanlian Precision, KL Group, Shanghai Dinglong, Qingdao Kaituo, Bystar, Guangdong Toprint, Zhuhai Kaixin Technology, Guangdong Xiaohua Packaging, XT Pack, ZHEJIANG YONGHUI CORRUGATED ROLLER, Zhejiang Yongshun Machinery, LI SHENQ Machinery, Dongguan Runcai Intelligent Printing Equipment Co., Ltd., Guangzhou Kingtau Electromechanical Equipment, WUHAN CHUCAI Digital Technology, Guojin, Xintian, Ketai, IKE, BBIAO, Xiangxu, Meijia, Hongyuan, Qinshanmei, Worldwide, Zhongqian, Insley, Dayu, Huilong, Bofa, Rizhi, Hongbo, Heneng, Guanyu, Chenguang, ZHAOLI, Kunhou, Chumbro, Ipack, Tang Cheng Seiko, ANYPACK, Fengming, Yinzhi, Yinbao Guangya, Haida, JINGKE, Jinbing, Qianjin Baoluo, Ruichang, Dongbao, Haojie, Xunxu, Jialifu, Intco, Hongsheng, Yinengjie, Fengwei, Kemao, DAXIANG, Honghai, Lifei, Fuqi, Zeshengda, Huijie, Mingyi, Saw Paper King, Hade, Hangzhou Tingzheng Packing Material, THINKGO IOT, Hangzhou Hesheng Plastic Products, Kunshan Fanhong Surface Treatment, Wuxi Yinghong Laser, and Zhuhai Letong New Materials.

 

VIP guests visited for joint consultation and contribution

During the exhibitions, senior executives from multiple subsidiaries of the Oji Group came to site to visit and explore new technologies and products while engaging in collaborative discussions with industry peers.

 

 

Demand matchmaking resulted in multiple order contract signings

Apart from various supplier booths and conference areas, the exhibition’s organizer has also set up a TAP buyer matchmaking area on site to provide present trade visitors with buyer matchmaking service, as well as happy moment areas, visitor lounges, and VIP lounges for onsite visitors’ activities and recreation. Numerous onsite visitors have quickly identified suppliers meeting their purchase needs through TAP, according to TAP match-making specialists.

 

Conferences with various attendees boosted exhibition impact

The WEPACK ASEAN Conference, co-organized by the MACCMA and RX, was officially launched in the exhibition site conference area. The conference pooled together multiple parties such as key industry associations, carton color printing enterprises, industry experts and equipment suppliers from 10 Asian countries in a bid to analyze changes in the carton packaging industry with industry peers, gain insights into global industry trends, and communicate the latest industry technologies and achievements.

On the evening of November 14, MACCMA, an important partner of WEPACK ASEAN, hosted its grand 33rd anniversary dinner, which ushered in a number of distinguished guests from the Southeast Asian packaging industry, including senior leaders from RX and chairman of MACCMA.

WEPACK ASEAN 2024 successfully attracted packaging industry experts and scholars from across Southeast Asia and beyond, featuring a strong business atmosphere and spirit of innovation. Amid enthusiastic interactions and discussions among enterprise representatives, industry experts, and scholars, the WEPACK ASEAN 2024 concluded perfectly!

Looking ahead, at WEPACK 2025 (April 8-10, 2025, Shanghai New International Expo Center) and WEPACK ASEAN 2025, we look forward to seeing you again to jointly witness and drive the prosperity of the packaging industry.

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/forging-ahead-together-for-greater-heightswepack-asean-2024-concludes-successfully-302314950.html

SOURCE RX (China) Investment Co., Ltd.

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Agoda Highlights Top 5 Destinations in APAC to view the Geminid Meteor Shower

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November 25, 2024

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SINGAPORE, Nov. 25, 2024 /PRNewswire/ — Digital travel platform Agoda has curated a list of the top five destinations in Asia, best placed for viewing the Geminid meteor shower, which peaks in mid-December. Known for its bright and prolific meteors, the Geminid meteor shower offers a spectacular celestial display that can be best enjoyed from these prime locations.

The Geminid meteor shower, which occurs annually, is a favorite among stargazers due to its high meteor count and bright, colorful meteors. Agoda has identified the best spots in the APAC region where travelers can experience this natural wonder in all its glory.

Andrew Smith, Senior Vice President, Supply at Agoda said: “The Geminid meteor shower is an amazing event that never fails to delight stargazers all around the world. At Agoda we feel privileged to help travelers find the perfect destination within the Asia Pacific region to witness this celestial firework display.”

Agoda’s top 5 destinations for viewing the Geminids in APAC include:

Mount Bromo, Indonesia – With its clear skies and minimal light pollution, Mount Bromo offers an ideal setting for stargazing.Aoraki Mackenzie, New Zealand – Though the meteor shower favors the Northern hemisphere, it is visible from the southern hemisphere as well. Known for its dark sky reserve, this location provides an unparalleled stargazing experience.Kata Tjuta, Australia – The remote desert landscape of Kata Tjuta offers a perfect backdrop for meteor shower viewing.Khao Sok National Park, Thailand – This national park’s pristine environment makes it a great spot for observing the night sky.Ishigaki Island, Japan – With its clear skies and beautiful surroundings, Ishigaki Island is a top choice for stargazers.

Travelers can explore these destinations and more through Agoda’s extensive offerings, which include over 4.5 million holiday properties, more than 130,000 flight routes, and over 300,000 activities, all of which can be combined in the same booking. For more information, visit Agoda’s website.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/agoda-highlights-top-5-destinations-in-apac-to-view-the-geminid-meteor-shower-302313080.html

SOURCE Agoda

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Bluefield Renewable Energy Drives Singapore’s Decarbonisation Efforts with Biochar Production and Carbon Removal Credits Generation in Singapore

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29 minutes ago

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November 25, 2024

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SINGAPORE, Nov. 25, 2024 /PRNewswire/ — Bluefield Renewable Energy is driving Singapore’s decarbonisation efforts with potential to generate over 330,000 carbon removal credits via biochar production from waste in Singapore. In partnership with SembWaste as part of the Closed-Loop Partners Network, Singapore’s pioneering platform for advancing a circular economy, Bluefield aims to support Singapore’s ambition of becoming a Zero Waste Nation and achieving Net Zero emissions. By creating locally generated carbon removal credits, Bluefield is contributing to position Singapore as a global leader in carbon sequestration and circularity, while contributing to the nation’s broader net-zero goals.

Aligned with Singapore’s commitment to the Paris Agreement and its goal of achieving net-zero emissions by 2050, Bluefield recognises the importance of active carbon removal that serves as negative emissions to counterbalance emissions from hard-to-abate sectors in Singapore.

By producing high-quality carbon removal credits locally, Bluefield supports Singapore’s efforts to mitigate its carbon footprint while addressing global challenges in quality carbon credit scarcity. As global regulations such as the European Union’s Carbon Border Adjustment Mechanism (CBAM) increase, producing quality carbon credits domestically has become essential, and Bluefield’s biochar solution is well-positioned to support this demand.

Advancing Carbon Sequestration and Circular Economy with Biochar

Using proprietary advanced pyrolysis technology, Bluefield converts waste into biochar, a stable, carbon-rich material that prevents carbon from re-entering the atmosphere. Biochar is a valuable resource with diverse applications across various sectors, such as:

Construction and Green Building: Biochar can be integrated into green concrete, offering a sustainable, lower embodied carbon option for ‘Green’ building developments across Singapore.

Gardens and Landscaping: As an urban soil amendment, biochar enhances soil health and biodiversity, ideal for Singapore’s green spaces and aligning with the nation’s “Garden City” vision.

Agriculture and Food Production: Biochar supports sustainable farming practices, benefiting local food security efforts and farms under the Singapore Food Agency (SFA).

Through this shift from waste incineration to biochar production, Bluefield is advancing Singapore’s circular economy goals and converting ‘Waste-to-Resources’ in a resource scarce country like Singapore.

Maximising Economic and Environmental Impact with Local Carbon Removal Credits

The carbon removal credits generated through Bluefield’s biochar production hold significant environmental and economic potential. From the approximately 700,000 tonnes of suitable wastes available in Singapore, the biochar production from it could generate over 330,000 carbon removal credits. This is equivalent to the carbon absorbed by more than 16 million mature trees annually or offsetting emissions from more than 180,000 four-room HDB households, advancing Singapore’s decarbonisation journey.

While biochar-based carbon removal credits are among the more financially accessible types of carbon removal credits globally, they are priced considerably higher than conventional offset carbon credits due to their superior quality and positive environmental impact. This price premium offers a lucrative opportunity, as the demand for high-quality, verifiable carbon removal credits continues to rise, presenting significant potential for economic gain.

“At Bluefield Renewable Energy, we are committed to creating our own carbon removal credits as a vital part of Singapore’s sustainable future,” said Randy Toh, Vice President of Bluefield Renewable Energy. “By converting waste into valuable resources and sequestering carbon through biochar, Singapore has the potential to become a leading carbon sink city.”

Towards a Sustainable Singapore

Bluefield Renewable Energy’s biochar initiative represents a significant step in Singapore’s climate action, building local capacity for carbon credit generation. Through a sustainable ecosystem that treats waste as an asset for decarbonisation, Bluefield enables high-quality credits to mitigate emissions locally and internationally.

As Singapore works towards its 2050 targets, Bluefield’s biochar production is poised to play a pivotal role in achieving net-zero emissions, setting Singapore apart as a global leader in sustainable innovation and environmental resilience.

About Bluefield Renewable Energy

Bluefield Renewable Energy is committed to driving sustainable solutions that tackle global climate challenges. Through partnerships such as our collaboration with SembWaste and the use of our innovative proprietary advanced pyrolysis technology, we strive to convert waste into valuable resources, sequester carbon, and support Singapore in reaching its carbon neutrality targets.

View original content:https://www.prnewswire.com/apac/news-releases/bluefield-renewable-energy-drives-singapores-decarbonisation-efforts-with-biochar-production-and-carbon-removal-credits-generation-in-singapore-302314990.html

SOURCE Bluefield Renewable Energy

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