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 news release.
MONTRÉAL, May 21, 2024
/PRNewswire/ - Bell Canada (Bell)
today announced the public offering in Canada of Cdn $1.5 billion aggregate principal amount
of MTN Debentures in two series pursuant to its medium term notes
(MTN) program.
The Cdn $400 million 5.60% MTN Debentures, Series M-61,
which are being issued pursuant to a re-opening of an existing
series of MTN Debentures, will be dated May
24, 2024, will mature on August 11,
2053, and will be issued at a price of Cdn $101.936 per $100 principal amount plus accrued and unpaid
interest from and including February 11, 2024 to, but
excluding, May 24, 2024 in the amount
of $1.58027397 per $100 principal amount to yield 5.465%.
The Cdn $1.1 billion 5.15% MTN Debentures, Series M-63,
will be dated May 24, 2024, will
mature on August 24, 2034 and will be
issued at a price of Cdn $99.646 per
$100 principal amount for a yield to
maturity of 5.196%.
The MTN Debentures will be fully and unconditionally guaranteed
by BCE Inc. Bell Canada intends to
use the net proceeds from the offering towards funding the
repayment of Bell Canada MTN Debenture debt maturing in the first
quarter of 2025 and general corporate purposes.
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 24, 2024, 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-61 MTN
Debentures and the Series M-63 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 U.S. 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 9,
2024 and a prospectus supplement dated May 16, 2024. Bell
Canada will file a pricing supplement relating to this issue
with the securities regulatory authorities in all provinces of
Canada.
About Bell
Bell is Canada's largest communications company,1
providing advanced broadband Internet, wireless, TV, media and
business communication services. Founded in Montréal in 1880, Bell
is wholly owned by BCE Inc. To learn more, please visit
Bell.ca or BCE.ca.
Through Bell for Better, we are investing to create a
better today and a better tomorrow by supporting the social and
economic prosperity of our communities. This includes the Bell
Let's Talk initiative, which 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 leadership initiatives throughout the
country. To learn more, please visit Bell.ca/LetsTalk.
|
1
Based on total revenue and total combined customer connections.
|
Media inquiries:
Ellen
Murphy
media@bell.ca
Investor inquiries:
Richard Bengian
richard.bengian@bell.ca
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.
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SOURCE Bell Canada
