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 release.
MONTRÉAL, Aug. 9, 2021 /CNW
Telbec/ - Bell Canada (Bell) today
announced the public offering in the
United States of US $1.25
billion aggregate principal amount of Notes in two series
(the US Offering). The US $600
million 2.150% Series US-5 Notes will mature on
February 15, 2032 and will be issued at a price of US
$99.561 per $100 principal
amount for a yield to maturity of 2.197%. The US $650 million 3.200% Series US-6 Notes will mature
on February 15, 2052 and will be issued at a price of US
$99.961 per $100 principal
amount for a yield to maturity of 3.202%. 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 August 12, 2021, subject to customary closing
conditions. The Notes will
be fully and unconditionally guaranteed
by BCE Inc.
Bell plans to apply a portion of the net proceeds from the US
Offering towards the $2.07 billion
cost of 3500 MHz spectrum licenses it agreed to acquire pursuant to
the Canadian spectrum auction completed in July 2021 and the balance for the repayment of
short-term debt and general corporate purposes.
The US Offering is being made in the
United States pursuant to a prospectus supplement dated
August 9, 2021 to Bell's short
form base shelf prospectus dated November
16, 2020 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.sedar.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 presented in this news release 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 either series 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
company, 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 with a commitment to the
highest environmental, social and governance (ESG)
standards. 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.
Media inquiries:
Caroline Audet
514-391-9794
caroline.audet@bell.ca
@Bell_News
Investor inquiries:
Richard Bengian
514-786-8219
richard.bengian@bell.ca
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SOURCE Bell Canada