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. 5, 2019 /CNW
Telbec/ - Bell Canada (Bell) today announced the public
offering in Canada of Cdn
$550 million aggregate principal
amount of MTN Debentures pursuant to its medium term notes (MTN)
program.
The Cdn $550 million 2.90% MTN
Debentures, Series M-50, will be dated September 10, 2019, will mature on September 10, 2029, and will be issued at a price
of Cdn $99.871 per $100 principal amount for a yield to maturity of
2.915%. The MTN Debentures will be fully and unconditionally
guaranteed by BCE Inc. Bell intends to use the net proceeds of this
offering to repay short-term debt.
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 September 10, 2019, subject to customary closing
conditions.
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. The Series M-50 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 May 29,
2019 and a prospectus supplement dated June 6, 2019. 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 constitute 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. All such
forward-looking statements are made pursuant to the "safe harbour"
provisions of applicable Canadian securities laws and of
the United States Private
Securities Litigation Reform Act of 1995. 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 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
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 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.
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