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, May 8, 2019 /CNW Telbec/
- Bell Canada (Bell) (TSX: BCE)
(NYSE: BCE) today announced the public offering in
the United States (the US
Offering) of US$600 million aggregate
principal amount of 4.30% Series US-2 Notes due 2049 (the
Notes). The Notes were priced at US$99.802 per US$100 principal amount for a yield to maturity
of 4.311% and will mature on July 29,
2049. The Notes are being publicly offered in the United States through a syndicate of
underwriters. Closing of the offering of the Notes is expected
to occur on May 13, 2019, subject to
customary closing conditions. The Notes will be fully and
unconditionally guaranteed by BCE Inc.
Bell also announced today the public offering in Canada of Cdn$600
million aggregate principal amount of MTN Debentures
pursuant to its medium term notes (MTN) program (the Canadian
Offering). The Cdn$600 million 2.75%
MTN Debentures, Series M-49, will be dated May 13, 2019, will mature on January 29, 2025, and will be issued at a price
of Cdn$99.795 per $100 principal amount for a yield to maturity of
2.788%. 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 May 13, 2019, subject to customary closing
conditions. The MTN Debentures will be fully and unconditionally
guaranteed by BCE Inc.
Bell plans to apply the net proceeds from the US Offering and
the Canadian Offering to the redemption of its Cdn$1,000,000,000 principal amount of 3.25%
Debentures, Series M-27, due June 17,
2020 and to the redemption of its Cdn$400,000,000 principal amount of 3.54%
Debentures, Series M‑37, due June 12,
2020. The closing of the US Offering and the Canadian Offering
are not conditioned on each other.
The US 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 MTN Debentures have not been and will not be registered
under the U.S. Securities Act of 1933, as amended (U.S. Securities
Act), or any state securities laws and may not be offered or sold
in the United States or to or for
the account or benefit of U.S. persons (as defined in Regulation S
under the U.S. Securities Act). The MTN Debentures are being issued
pursuant to a short form base shelf prospectus dated March 20, 2018 and a prospectus supplement dated
June 19, 2018. Bell will file a
pricing supplement relating to this issue with the securities
regulatory authorities in all provinces of Canada.
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.
Copies of the short form base shelf prospectus and the
prospectus supplements relating to the offering of the Canadian MTN
Debentures and the US Notes filed with securities regulatory
authorities in Canada and
the United States, respectively,
may be obtained from the Investor Relations department of
Bell Canada at Building A, 8th
floor, 1 Carrefour Alexander-Graham-Bell, Verdun, Québec, H3E 3B3 (telephone
1-800-339-6353). Copies of these documents are also available
electronically, as applicable, on the System for Electronic
Document Analysis and Retrieval of the Canadian Securities
Administrators (SEDAR), at www.sedar.com, or on the Electronic Data
Gathering, Analysis, and Retrieval system, administered by the US
Securities and Exchange Commission (EDGAR) at
www.sec.gov.
Caution Concerning Forward-Looking Statements
Certain
statements made in this news release constitute forward-looking
statements under Canadian securities laws and within the meaning of
the United States Private Securities Litigation Reform Act of 1995,
including, but not limited to, statements relating to the expected
timing and completion of the proposed sale of Notes and proposed
sale of MTN Debentures, the intended use of the net proceeds of
such sales 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. These statements are not guarantees of
future performance or events 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 offerings referred
to above. Readers are cautioned that such information may not be
appropriate for other purposes. The timing and completion of the
abovementioned proposed sales of the Notes and 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 Notes and/or 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 advanced broadband wireless, TV, Internet and
business communication services throughout the country. Bell Media
is Canada's premier content creation company with leading assets in
television, radio, out of home and digital media. Founded in
Montréal in 1880, Bell is wholly owned by BCE Inc. 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 significant Bell funding of mental health care and
access, research and workplace leadership initiatives. To learn
more, please visit Bell.ca/LetsTalk.
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SOURCE Bell Canada