HALIFAX, May 12 /CNW/ - Bell Aliant Regional Communications, Limited
Partnership ("Bell Aliant LP") is pleased to announce that it has agreed to
sell, on an agency basis, an aggregate $350 million principal amount of Medium
Term Notes (the "Notes") to mature on February 17, 2015. The Notes will be
issued at a discount and carry a coupon of 6.29 per cent.
The issue is scheduled to close on May 15, 2009. On behalf of the Agents'
syndicate, Scotia Capital Inc., BMO Nesbitt Burns Inc. and National Bank
Financial Inc. acted as co-lead managers and Scotia Capital Inc. as bookrunner
for the offering. Proceeds from the issuance of the Notes will be used to
repay existing indebtedness under an unsecured credit facility Bell Aliant LP
has in place with a syndicate of financial institutions.
The issue is being made pursuant to Bell Aliant LP's short form base
shelf prospectus filed April 28, 2009.
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 May 12, 2009. 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 Bell Aliant's fourth quarter 2008 earnings and 2009 guidance news release
dated February 2, 2009, as well as in Bell Aliant Regional Communications
Income Fund's and Bell Aliant Regional Communications Holdings, Limited
Partnership's 2008 annual management's discussion and analysis (MD&A) and
annual information forms, and their first quarter 2009 MD&As, which are
available at www.bellaliant.ca or at www.sedar.com. 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.UN) is one of North America's largest regional
communications providers. 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. Through its xwave offices, Bell Aliant also provides IT
professional services in Canada and the US. Bell Aliant's employees are
committed to deliver the highest quality of customer service, choice and
convenience. More information can be found at www.bellaliant.ca.
For further information:
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