MONTRÉAL and HALIFAX,
Nov. 20, 2014 /CNW Telbec/
- Bell Canada and Bell Aliant Regional Communications, Limited
Partnership today announced the completion of a previously
announced transaction to exchange all Bell Aliant Medium Term and
Floating Rate Medium Term Notes for Bell Canada Debentures having
the same financial terms. Those terms include coupon, maturity and
redemption price.
Specifically, the following Bell Canada Debentures, which are
fully and unconditionally guaranteed by BCE Inc., were issued in
exchange for the previously held Bell Aliant Notes:
- Bell Canada 5.41% Debentures,
Series M-32, due September 26, 2016
issued in exchange for Bell Aliant 5.41% Medium Term Notes, Series
2, due September 26, 2016
- Bell Canada 5.52% Debentures,
Series M-33, due February 26, 2019
issued in exchange for Bell Aliant 5.52% Medium Term Notes, Series
4, due February 26, 2019
- Bell Canada 6.17% Debentures,
Series M-34, due February 26, 2037
issued in exchange for Bell Aliant 6.17% Medium Term Notes, Series
5, due February 26, 2037
- Bell Canada 4.37% Debentures,
Series M-35, due September 13, 2017
issued in exchange for Bell Aliant 4.37% Medium Term Notes, Series
7, due September 13, 2017
- Bell Canada 4.88% Debentures,
Series M-36, due April 26, 2018
issued in exchange for Bell Aliant 4.88% Medium Term Notes, Series
8, due April 26, 2018
- Bell Canada 3.54% Debentures,
Series M-37, due June 12, 2020 issued
in exchange for Bell Aliant 3.54% Medium Term Notes, Series 9, due
June 12, 2020
- Bell Canada Floating Rate Debentures, Series M-38, due
April 22, 2016 issued in exchange for
Bell Aliant Floating Rate Medium Term Notes, Series 10, due
April 22, 2016
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. As a result of the note exchange transaction, Bell
Aliant and its guarantors have been discharged of their obligations
under the Bell Aliant Notes and the related trust indenture.
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 such as 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