HALIFAX, June 7, 2013 /CNW/ - Bell Aliant Inc. ("Bell Aliant") (TSX: BA)
is pleased to announce that Bell Aliant Regional Communications,
Limited Partnership ("Bell Aliant LP") has agreed to sell, on an agency
basis, an aggregate of $400 million principal amount of medium term
notes (the "Notes") to mature on June 12, 2020. The Notes will carry a
coupon of 3.54 per cent.
The issue is scheduled to close on June 14, 2013. On behalf of the
Agents' syndicate, BMO Capital Markets, RBC Capital Markets and
Desjardins Securities will act as co-lead managers and BMO Capital
Markets and RBC Capital Markets will be joint bookrunners for the
offering. The net proceeds from the issuance of the Notes are intended
to be used to redeem in their entirety the 4.95 per cent medium term
notes due February 26, 2014 (the "2014 Notes") and for general
The issue is being made pursuant to Bell Aliant LP's short form base
shelf prospectus dated January 16, 2012.
This news release contains forward-looking statements concerning future
events and expectations, specifically relating to the planned use of
the proceeds from the Notes issuance. These statements describe
management's expectations at June 7, 2013. These statements are based
on management's beliefs regarding future events, and are subject to
risks and uncertainties that are beyond management's control.
Therefore, actual events may differ materially from what is predicted.
Assumptions made and risk factors considered in preparing our
forward-looking statements are discussed in detail in the annual
management's discussion and analysis of each of Bell Aliant Inc. and
Bell Aliant Regional Communications Inc. for the year ended December
31, 2012, as well as in Bell Aliant Inc.'s and Bell Aliant Regional
Communications Inc.'s annual information forms, which are available at www.bellaliant.ca or at www.sedar.com. The planned use of proceeds from issuance of the Notes is also subject
to the satisfaction of all requirements to enable redemption of the
2014 Notes. All forward-looking statements in this news release are
qualified by these cautionary statements, and there can be no assurance
that the results or events predicted will be realized. Except as may be
required by Canadian securities laws, Bell Aliant disclaims any
intention and assumes no obligation to update or revise any
forward-looking statement, even if new information becomes available,
as a result of future events or for any other reason. Readers should
not place undue reliance on any forward-looking statements.
About Bell Aliant
Bell Aliant (TSX: BA) is one of North America's largest regional
communications providers and the first company in Canada to cover an
entire city with fibre-to-the-home (FTTH) technology with its FibreOP services. Through its operating entities it serves customers in six
Canadian provinces with innovative information, communication and
technology services including voice, data, Internet, video and
value-added business solutions. Bell Aliant's employees deliver the
highest quality of customer service, choice and convenience.
SOURCE: Bell Aliant Inc.
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