This news release contains forward-looking
statements. For a description of the related risk factors and
assumptions, please see the section entitled "Caution Concerning
Forward-Looking Statements" later in this release.
MONTRÉAL and HALIFAX,
Nov. 14, 2014 /CNW Telbec/ - Bell
Canada and Bell Aliant Regional Communications, L.P. today
announced that more than 99% of the votes cast at the meeting of
holders of Medium Term Notes and Floating Rate Medium Term Notes of
Bell Aliant, voting as a single class, were in favour of a
transaction to exchange all such Bell Aliant Notes for Bell Canada
Debentures having the same financial terms (including with respect
to coupon, maturity and redemption price) as those of the Bell
Aliant Notes.
All of the outstanding Bell Aliant Notes (as listed below) will
therefore be subject to the note exchange transaction:
- 5.41% Medium Term Notes, Series 2, due September 26, 2016
- 5.52% Medium Term Notes, Series 4, due February 26, 2019
- 6.17% Medium Term Notes, Series 5, due February 26, 2037
- 4.37% Medium Term Notes, Series 7, due September 13, 2017
- 4.88% Medium Term Notes, Series 8, due April 26, 2018
- 3.54% Medium Term Notes, Series 9, due June 12, 2020
- Floating Rate Medium Term Notes, Series 10, due April 22, 2016
As a result of the approval of the note exchange transaction at
the meeting of holders of Bell Aliant Notes voting as a single
class at which quorum was present, Bell Aliant cancelled the
separate meetings that had been scheduled for holders of each
series of Bell Aliant Notes, as described in the information
circular mailed to the holders of Bell Aliant Notes in connection
with the meetings.
Bell Aliant anticipates implementing the note exchange
transaction before the end of November
2014.
The note exchange transaction is part of Bell's strategy to
simplify its capital structure and enhance administrative
efficiencies by concentrating public debt into a single issuer.
Caution Concerning Forward-Looking
Statements
Certain statements made in this news release are
forward-looking statements, including, but not limited to,
statements relating to the anticipated completion and timing of the
note exchange transaction. All such forward-looking statements are
made pursuant to the "safe harbour" provisions of applicable
Canadian and United States
securities laws.
Forward-looking statements, by their very nature, are subject to
inherent risks and uncertainties and are based on several
assumptions, both general and specific, which give rise to the
possibility that actual results or events could differ materially
from our expectations expressed in or implied by such
forward-looking statements. As a result, we cannot guarantee that
any forward-looking statement will materialize and we caution you
against relying on any of these forward-looking statements. The
forward-looking statements contained in this news release describe
our expectations as of November 14,
2014 and, accordingly, are subject to change after such
date. Except as may be required by applicable Canadian securities
laws, we do not undertake any obligation to update or revise any
forward-looking statements contained in this news release, whether
as a result of new information, future events or otherwise.
The completion and timing of the note exchange transaction are
subject to certain conditions and Bell Aliant's discretion as to
the completion thereof. Accordingly, there can be no assurance that
the note exchange transaction will be completed.
For additional information on assumptions and risks underlying
certain of the forward-looking statements made in this news
release, please consult the section "Risk Factors" in the
information circular mailed to the holders of Bell Aliant Notes in
connection with the meeting, which is available on SEDAR at
www.sedar.com and on the SEC's website at www.sec.gov.
Notice to Bell Aliant Noteholders in the
U.S.
This press release shall not constitute a solicitation
with respect to any Bell Aliant Notes or an offer to sell or a
solicitation of an offer to buy any Bell Canada Debentures.
Bell Canada and BCE have submitted a
Form CB to the SEC containing information relating to the note
exchange transaction described herein, including the Circular. Bell
Aliant Noteholders in the United
States are urged to read the Form CB, the Circular and the
Section entitled "Notice to Bell Aliant Noteholders in the United States" contained therein and other
relevant documents submitted or that will be submitted to the SEC
in connection with the note exchange transaction because they
contain important information about the transaction. A copy of the
Form CB and Circular and other filings containing information about
Bell Canada and BCE may be obtained
from the SEC's website at www.sec.gov.
About Bell
Canada
Bell Canada
provides consumers and business customers across the country with
advanced communications services including Bell Fibe TV and Bell
Satellite TV, Fibe Internet, 4G LTE wireless, home phone and
business communications solutions. Bell Media is Canada's premier
multimedia company with leading assets in television, radio, out of
home and digital media. Bell is wholly owned by Montréal's BCE Inc.
(TSX, NYSE: BCE). For more information, please visit Bell.ca.
About Bell Aliant
Headquartered in
Halifax, Bell Aliant serves
customers in New Brunswick,
Newfoundland and Labrador, Nova
Scotia and Prince Edward
Island with innovative information, communication and
technology services including voice, data, Internet, video and
value-added business solutions including data security and cloud
computing. Bell Aliant services in Atlantic Canada include FibreOP™ TV and
Internet, Bell Satellite TV, and Home Phone. For more information,
please visit BellAliant.net.
Media inquiries:
Bell Canada
Jean Charles Robillard
(514) 870-4739
jean_charles.robillard@bell.ca
Bell Aliant
Jennifer MacIsaac
(902) 225-3704
jennifer.macIsaac@bellaliant.ca
Investor inquiries:
Thane Fotopoulos
BCE Investor Relations
(514) 870-4619
thane.fotopoulos@bell.ca
SOURCE Bell Canada