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, Feb. 24, 2016 /CNW
Telbec/ - Bell Canada (Bell) today
announced the public offering of Cdn $750
million of MTN Debentures pursuant to its medium term notes
(MTN) program.
The $750 million 3.55% MTN
Debentures, Series M-41, will be dated February 29, 2016, mature on March 2, 2026, and be issued at a price of Cdn
$99.624 per $100 principal amount. The MTN Debentures will be
fully and unconditionally guaranteed by BCE Inc.
The net proceeds of this offering are intended to be used for
general corporate purposes, including the future repayment of all
of Bell Canada's $150 million principal amount of Floating Rate
Debentures, Series M-38, due April 22,
2016 and all of Bell Canada's
$500 million principal amount of
5.41% Debentures, Series M-32, due September
26, 2016.
The MTN Debentures are being publicly offered in all provinces
of Canada through a syndicate of agents. Closing of the offering of
the MTN Debentures is expected to occur on February 29, 2016.
There shall be no offer, solicitation or sale of securities of
Bell in any jurisdiction in which such an offer, solicitation or
sale would be unlawful. The MTN Debentures have not been, and will
not be, registered under the U.S. Securities Act of 1933, as
amended, and may not be offered or sold in the United States. This news release shall not
constitute an offer to sell securities in the United States.
The MTN Debentures are being issued pursuant to a Short Form
Base Shelf Prospectus dated November 14,
2014 and a Prospectus Supplement dated February 10, 2015. Bell will file a pricing
supplement relating to this issue with the securities regulatory
authorities in all provinces of Canada.
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 expected timing and completion of the proposed sale of MTN
Debentures, the intended use of the net proceeds of such sale and
other statements that are not historical facts. 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 at the
date of this news release and, accordingly, are subject to change
after such date. Except as may be required by 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.
Forward-looking statements are provided herein for the purpose of
giving information about the proposed offering referred to above.
Readers are cautioned that such information may not be appropriate
for other purposes. The timing and completion of the
above-mentioned proposed sale of the MTN Debentures is subject to
customary closing terms and other risks and uncertainties.
Accordingly, there can be no assurance that the proposed sale of
the MTN Debentures will occur, or that it will occur at the
expected time indicated in this news release.
About Bell
Bell is Canada's largest communications
company, providing consumers and business customers with wireless,
TV, Internet, home phone and business communications services. Bell
Media is Canada's premier multimedia company with leading assets in
television, radio, digital and out of home media. Bell is wholly
owned by Montréal's BCE Inc. (TSX, NYSE: BCE). For more
information, please visit Bell.ca.
The Bell Let's Talk initiative promotes Canadian mental health
with national awareness and anti-stigma campaigns like Bell Let's
Talk Day and significant Bell funding of community care and access,
research, and workplace initiatives. To learn more, please visit
Bell.ca/LetsTalk.
Media inquiries:
Jean Charles Robillard
(514) 870-4739
jean_charles.robillard@bell.ca
Investor inquiries:
Thane Fotopoulos
(514) 870-4619
thane.fotopoulos@bell.ca
SOURCE Bell Canada