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 news release.
MONTRÉAL, Aug. 11,
2020 /PRNewswire/ - Bell
Canada (Bell) today announced the public offering in
Canada of Cdn $750 million aggregate principal amount of MTN
Debentures pursuant to its medium term notes (MTN)
program.
The Cdn $750 million 1.65%
MTN Debentures, Series M-53, will be dated August 14, 2020, will mature on August 16, 2027, and will be issued at a price of
Cdn $99.993 per $100 principal amount for a yield to maturity of
1.651%. The MTN Debentures will be fully and unconditionally
guaranteed by BCE Inc. Bell intends to use the net proceeds of this
offering to fund the redemption of its Cdn $750 million principal amount of 3.15% Series
M-30 Debentures, due September 29,
2021.
The MTN Debentures are being publicly offered in all provinces
of Canada through a syndicate of agents. Closing of the
offering of the MTN Debentures is expected to occur on August 14, 2020,
subject to customary closing conditions.
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. The Series
M-53 MTN Debentures have not been and will not be registered under
the U.S. Securities Act of 1933, as amended (U.S. Securities Act),
or any state securities laws and may not be offered or sold in
the United States or to or for the
account or benefit of U.S. persons (as defined in Regulation S
under the U.S. Securities Act).
The MTN Debentures are being issued pursuant to a short
form base shelf prospectus dated May 29,
2019 and a prospectus supplement dated June 6, 2019. Bell will file a pricing supplement
relating to this issue with the securities regulatory authorities
in all provinces of Canada.
Caution Concerning Forward-Looking
Statements
Certain statements made in this news
release constitute forward-looking statements, 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 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 provided herein 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 MTN Debentures is subject to
customary closing terms and other risks and uncertainties.
Accordingly, there can be no assurance that the proposed sale of
the MTN Debentures will occur, or that it will occur at the
expected time indicated in this news release.
About Bell
Canada's largest
communications company with more than 22 million consumer and
business connections, Bell provides advanced broadband wireless,
TV, Internet and business communication services throughout the
country. Bell Media is Canada's premier multimedia company with
leading assets in television, radio, out of home and digital media.
Founded in Montréal in 1880, Bell is wholly owned by BCE Inc. (TSX,
NYSE: BCE). To learn more, please visit Bell.caor
BCE.ca.
The Bell Let's Talk initiative 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
Investor inquiries:
Richard Bengian
514-786-8219
richard.bengian@bell.ca
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SOURCE Bell Canada