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, Feb. 12,
2024 /CNW/ - Bell
Canada (Bell) today announced the offering in the United States of US $1.45 billion aggregate principal amount of Notes
in two series (the US Offering). The US $700
million 5.200% Series US-9 Notes will mature on February 15, 2034 and will be issued at a price
of US $99.823 per $100 principal amount for a yield to maturity of
5.223%. The US $750 million 5.550%
Series US-10 Notes will mature on February
15, 2054 and will be issued at a price of US $99.869 per $100
principal amount for a yield to maturity of 5.559%. 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 February 15, 2024, subject to customary closing
conditions. The Notes will be fully and unconditionally guaranteed
by BCE Inc.
Bell intends to use the net proceeds from the US Offering for
the repayment at maturity of Bell
Canada's US $600,000,000
Series US-3 Notes due March 2024, to
fund the remaining payment for the 3800 MHz spectrum licenses
secured by Bell Mobility Inc. through the Canadian government's
3800 MHz spectrum auction, and other general corporate purposes,
which may include the repayment of short-term debt.
The US Offering is being made in the
United States pursuant to a prospectus supplement dated
February 12, 2024 to Bell's short
form base shelf prospectus dated March 7,
2022 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.
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 supplement relating to the offering of the Notes
filed with securities regulatory authorities in the United States 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 on the System for
Electronic Document Analysis and Retrieval of the Canadian
Securities Administrators (SEDAR+), at www.sedarplus.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 are forward-looking
statements, including, but not limited to, statements relating to
the expected timing and completion of the proposed sale of the
Notes, 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 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
Bell is Canada's largest communications company1,
providing advanced broadband wireless, TV, Internet, media and
business communication services throughout the country. 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
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SOURCE Bell Canada