MONTRÉAL, June 12, 2013 /CNW Telbec/ - Bell Canada (Bell) today
announced the filing of a prospectus supplement to a short form base
shelf prospectus dated May 17, 2013 with the various securities
regulatory authorities in all the provinces of Canada and with the
Securities and Exchange Commission (SEC) in the United States and the
public offering of Cdn $1 billion of MTN debentures.
Renewal of MTN Program
The filing of the prospectus supplement was made to renew Bell's MTN
program and enables Bell to offer up to Cdn $4 billion of MTN
Debentures from time to time over a 25-month period. The MTN Debentures
will be fully and unconditionally guaranteed by BCE Inc. (TSX, NYSE:
BCE). Consistent with past practice, the MTN program was renewed so as
to continue to provide Bell with financial flexibility and efficient
access to the Canadian and U.S. capital markets.
Bell also entered into an agreement with certain dealers under which the
dealers have agreed to act as agents, principals or underwriters with
respect to the future offering of the MTN Debentures.
Public offering of Cdn $1 billion of MTN Debentures
Bell is proceeding with a public offering of Cdn $1 billion of MTN
Debentures pursuant to its MTN program.
The 3.25% MTN Debentures, Series M-27, will be dated June 17, 2013, will
mature on June 17, 2020 and will be issued at a price of Cdn $99.925
per $100 principal amount for a yield to the investor of 3.262% per
annum compounded semi-annually.
The net proceeds of the offering are intended to be used for general
corporate purposes, including the repayment of short-term debt, and
funding a portion of the cost of BCE Inc.'s proposed acquisition of
Astral Media Inc. (Astral), which is expected to close in early summer
pending approval by the Canadian Radio-television and
Telecommunications Commission (CRTC).
The MTN Debentures are being publicly offered in all provinces of Canada
and to institutional investors in the United States that qualify for
applicable state registration exemptions through a syndicate of agents.
Closing of the offering of the MTN Debentures is expected to occur on
June 17, 2013.
There shall be no offer, solicitation or sale of securities of Bell in
any state or jurisdiction in which such an offer, solicitation or sale
would be unlawful.
Bell will file a pricing supplement relating to this issue with the
securities regulatory authorities in all provinces of Canada and with
the SEC in the United States. A copy of the pricing supplement, the
accompanying prospectus supplement and the prospectus for the offering
may be obtained from the Investor Inquiries contact listed below.
Bell is Canada's largest communications company, providing consumers and
business customers with leading TV, Internet, wireless, home phone and
business communications solutions. Bell Media is Canada's premier
multimedia company with leading assets in television, radio and digital
media. Bell is wholly owned by Montréal's BCE Inc. (TSX, NYSE: BCE).
For more information, please visit Bell.ca.
The Bell Let's Talk mental health initiative is a national charitable
program that promotes Canadian mental health across Canada with the
Bell Let'/s Talk Day anti-stigma campaign and support for community
care, research and workplace best practices. To learn more, please
Caution Concerning Forward-Looking Statements
Certain statements made in this news release, 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, the expected timing and completion of the pending
acquisition by BCE Inc. of Astral and other statements that are not
historical facts, are forward-looking. 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. As a result, we cannot guarantee that any
forward-looking statement will materialize and you are cautioned not to
place undue reliance on 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
Canadian 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 transactions referred
to above. Readers are cautioned that such information may not be
appropriate for other purposes. The timing and completion of the
above-mentioned proposed transactions are subject to customary closing
conditions, termination rights and other risks and uncertainties. In
addition, the expected timing and completion of the pending acquisition
of Astral are subject to approval by the CRTC. Accordingly, there can
be no assurance that the proposed transactions will occur, or that they
will occur at the expected time indicated in this news release. For
additional information with respect to certain of the assumptions and
risks relating to the pending acquisition of Astral, please refer to
BCE Inc.'s 2012 annual MD&A dated March 7, 2013, and BCE Inc.'s 2013
first quarter MD&A dated May 8, 2013, filed with the securities
regulatory authorities in all the provinces of Canada (available at www.sedar.com) and with the U.S. Securities and Exchange Commission (available at www.sec.gov). These documents are also available on BCE Inc.'s website at BCE.ca.
SOURCE: Bell Canada
For further information:
Jean Charles Robillard
BCE Investor Relations