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, Sept. 11, 2018
/PRNewswire/ - Bell Canada (Bell) today announced the public
offering of US$400,000,000 aggregate
principal amount of 4.464% Series US-1 Notes due 2048 (the Notes).
The Notes represent a re-opening of, and will form a single series
with, Bell's outstanding 4.464% Series US-1 Notes due 2048 in the
principal amount of US$750,000,000
that were issued on March 29, 2018.
Bell expects to close the offering on September 14, 2018, subject to customary closing
conditions. The Notes were priced at US$98.768 per US$100 principal amount plus accrued interest for
an effective yield of 4.540% per annum and will mature on
April 1, 2048. The Notes will be
fully and unconditionally guaranteed by BCE Inc.
The net proceeds of the offering are intended to be used to fund
the redemption of Bell's CA$200,000,000 principal amount of 5.625%
Series 8 Notes, due December 16,
2019, for the repayment of short-term debt and for general
corporate purposes.
The debt offering is being made in the
United States pursuant to a prospectus supplement to Bell's
short form base shelf prospectus dated March
20, 2018 filed with the Securities and Exchange Commission
as part of an effective shelf registration statement on Form F-10.
The Notes are not being offered in Canada or to any resident of Canada. The joint
book-running managers of the debt offering are Barclays Capital
Inc., BMO Capital Markets Corp., Citigroup Global Markets Inc.,
Merrill Lynch, Pierce, Fenner & Smith Incorporated and Scotia
Capital (USA) Inc.
A copy of the prospectus supplement and the accompanying
prospectus for the offering may be obtained by contacting: Barclays
Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island
Avenue, Edgewood, NY, 11717,
toll-free: (888) 603-5847, email:
barclaysprospectus@broadridge.com; BMO Capital Markets Corp., 3
Times Square, 25th Floor, New York,
NY 10036, Attn: US Syndicate, toll-free: (866) 864-7760,
email: USDSyndicate@bmo.com; Citigroup Global Markets Inc.,
c/o Broadridge Financial Solutions, 1155 Long Island Avenue,
Edgewood, NY, 11717, toll-free:
(800) 831-9146, email: prospectus@citi.com; Merrill Lynch, Pierce,
Fenner & Smith Incorporated, 200 North College Street,
NC1-004-03-43, Charlotte, NC
28255-0001, Attn: Prospectus Department, toll-free: (800) 294-1322,
email: dg.prospectus_requests@baml.com; and Scotia Capital
(USA) Inc., 250 Vesey Street,
New York, NY, 10281, Attn: Debt
Capital Markets/Chief Legal Officer, toll-free: (800) 372-3930,
email: US.Legal@scotiabank.com.
This news release shall not constitute an offer to sell or the
solicitation of an offer to buy any securities, nor will there be
any sale of these 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.
Caution concerning forward-looking statements
Certain
statements made in this news release constitute forward-looking
statements within the meaning of the United States Private
Securities Litigation Reform Act of 1995 and under Canadian
securities laws, including, but not limited to, the statements
relating to the timing and completion of the proposed debt
offering, 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 applicable 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 abovementioned
proposed sale of the Notes is subject to customary closing terms
and other risks and uncertainties. Accordingly, there can be no
assurance that the proposed sale of the Notes will occur, or that
it will occur at the expected time indicated in this news
release.
About Bell
Founded in Montréal in 1880, Bell is
Canada's largest communications company, providing innovative
broadband wireless, TV, Internet and business communication
services across the country. Bell Media is Canada's premier content
creation company with leading assets in television, radio, out of
home, and digital media. Bell is wholly owned by BCE Inc. (TSX,
NYSE: BCE). To learn more, please visit Bell.ca or BCE.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 provides significant Bell funding of mental health
care and access, research and workplace leadership initiatives. To
learn more, please visit Bell.ca/LetsTalk.
Media inquiries:
Marie-Eve Francoeur
514-391-5263
marie-eve.francoeur@bell.ca
Investor inquiries:
Thane Fotopoulos
514-870-4619
thane.fotopoulos@bell.ca
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SOURCE Bell Canada