C$200 Million in 7-Year Notes
Stock Symbol: MBT
WINNIPEG, Sept. 27, 2011 /CNW/ - Manitoba Telecom Services Inc. (TSX:
MBT) (the "Company"), which includes its principal operating
subsidiary, MTS Allstream Inc., one of Canada's leading national
communications companies, announced today that it has successfully
issued $200 million of 7-year 4.59% medium term notes ("MTNs"),
maturing on October 1, 2018.
"Our ongoing ability to access capital markets speaks to the strong
foundation of our business and the strength of our financial profile,"
said Pierre Blouin, Chief Executive Officer.
All of the net proceeds from the issuance of the MTN will be used to
refinance the Company's September 27, 2011 MTN maturity.
The MTNs are issued pursuant to the Company's short form base shelf
prospectus dated August 23, 2011.
About MTS Allstream
MTS Allstream Inc. is a wholly-owned subsidiary of Manitoba Telecom
Services Inc. As one of Canada's leading national communication
solutions companies, MTS Allstream provides innovative communications
for the way Canadians want to live and work today. The Company has more
than 100 years of experience, with 5,500 employees across Canada
dedicated to a mission of delivering true value as seen through the
eyes of our customers. MTS Allstream has nearly two million total
customer connections spanning business customers across Canada and
residential consumers throughout the province of Manitoba. The
Company's extensive national broadband and fibre optic network spans
almost 30,000 kilometres. Manitoba Telecom Services Inc.'s common
shares are listed on Toronto Stock Exchange (trading symbol: MBT).
Customers, stakeholders and investors who want to learn more about MTS
Allstream are encouraged to visit: www.mtsallstream.com.
Forward-looking Statements Disclaimer
This news release includes forward-looking statements and information
(collectively, the "statements") about our corporate direction,
business opportunities, operations, financial objectives, planned
activities, future financial results and performance that are subject
to risks, uncertainties and assumptions. As a consequence, actual
results in the future may differ materially from any conclusion,
forecast, anticipation or projection in such forward-looking
statements. Examples of statements that constitute forward-looking
information may be identified by words such as "believe", "expect",
"project", "should", "anticipate", "could", "target", "forecast",
"intend", "plan", "outlook", "see", "set", "pending", and other similar
Factors that could cause anticipated opportunities and actual results to
differ materially include, but are not limited to, matters identified
in the "Risks and Uncertainties" section and elsewhere in our most
recent annual MD&A and any subsequent quarterly MD&As, as well as our
most recent Annual Information Form, all of which are available on
SEDAR at www.sedar.com.
Please note that forward-looking statements reflect our expectations as
at the date hereof. We disclaim any intention or obligation to update
or revise any forward-looking statements, whether as a result of new
information, future events or otherwise except as required by law.
SOURCE MTS Allstream Inc.
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