Bell Canada announces offering of Series US-1 Notes

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, March 26, 2018 /PRNewswire/ - Bell Canada (Bell) today announced the public offering of US $750,000,000 aggregate principal amount of 4.464% Series US-1 Notes, due 2048 (the Notes). Bell expects to close the offering on March 29, 2018, subject to customary closing conditions. The Notes were priced at US $100 per US $100 principal amount for an effective yield of 4.464 per cent per annum and will mature on April 1, 2048. The Notes will be fully and unconditionally guaranteed by BCE Inc.

The net proceeds of the offering are intended to be used to fund the redemption of Bell's $400,000,000 principal amount of 3.50% Series M-28 Debentures, due September 10, 2018, to fund the redemption of Bell's $200,000,000 principal amount of 4.59% Series 9 Notes due October 1, 2018, and for general corporate purposes.

The debt offering is being made in the United States pursuant to a prospectus supplement to Bell's short form base shelf prospectus dated March 20, 2018 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. The joint book-running managers of the debt offering are Merrill Lynch, Pierce, Fenner & Smith Incorporated, RBC Capital Markets, LLC, Barclays Capital Inc., Citigroup Global Markets Inc. and TD Securities (USA) LLC.

A copy of the prospectus supplement and the accompanying prospectus for the offering may be obtained by contacting: Merrill Lynch, Pierce, Fenner & Smith Incorporated, 200 North College Street, NC1-004-03-43, Charlotte NC 28255-0001, Attn: Prospectus Department, toll-free: (800) 294-1322, email: [email protected]; RBC Capital Markets, LLC, 200 Vesey Street, 8th Floor, New York, NY 10281, Attn: Transaction Management, toll-free: (866) 375-6829, email: [email protected]; Barclays Capital Inc., c/o Broadridge Financial Solutions 1155 Long Island Avenue, Edgewood, New York 11717, toll-free: (888) 603-5847, email: [email protected]; Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, toll-free: (800) 831-9146, email: [email protected]; and TD Securities (USA), LLC, 31 W. 52nd Street, 2nd Floor, New York, NY 10019, Attn: Transaction Management Group, toll-free: (855) 495-9846.

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.

Caution concerning forward-looking statements
Certain statements made in this news release constitute forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and under Canadian securities laws, including, but not limited to, the statements relating to the timing and completion of the proposed debt offering, the intended use of the net proceeds of such sale and other statements that are not historical facts. 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 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 Notes is subject to customary closing terms and other risks and uncertainties. Accordingly, there can be no assurance that the proposed sale of the Notes will occur, or that it will occur at the expected time indicated in this news release.

About Bell
Founded in Montréal in 1880, Bell is Canada's largest communications company, providing innovative broadband wireless, TV, Internet and business communication services across the country. Bell Media is Canada's premier multimedia company with leading assets in television, radio, out of home and digital media. Bell is wholly owned by BCE Inc. (TSX, NYSE: BCE). To learn more, please visit Bell.ca or 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 provides significant funding for community care and access, research and workplace initiatives. To learn more, please visit Bell.ca/LetsTalk.

Media inquiries:

Jean Charles Robillard
514-870-4739
[email protected]

Investor inquiries:

Thane Fotopoulos
514-870-4619
[email protected]

SOURCE Bell Canada

Related Links

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