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Bell Announces Offerings of Canadian MTN Debentures and US Notes
Bell is offering C$1.6 billion in debentures and US$650 million in notes to refinance debt and fund general corporate purposes.
- Bell Canada amended its cash tender offers yesterday, increasing the maximum purchase amount to C$1,000,000,000 while launching C$1.6 billion in Canadian MTN debentures and US$650 million in senior notes.
- BCE Inc. fully and unconditionally guarantees the MTN debentures; Bell intends to use net proceeds to repurchase, redeem, or repay existing senior and subordinated indebtedness.
- Bell retained RBC Dominion Securities Inc., Scotia Capital Inc., and CIBC World Markets Inc. as dealer managers for the offers, which remain subject to customary conditions including a financing contingency.
- The Canadian MTN debentures mature in 2036 and 2056, while closings are expected June 3, 2026, for the debentures and June 5, 2026, for the notes, subject to customary closing conditions.
- Forward-Looking statements regarding these offerings are made pursuant to safe harbour provisions of Canadian securities laws and the U.S. Private Securities Litigation Reform Act, acknowledging that actual results could differ materially.
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Bell Canada prices C$1.6B and US$650M debt offerings to repay debt
Bell Canada, a subsidiary of BCE Inc. (BCE), has announced concurrent multi-tranche public offerings in Canada and the United States to raise capital. In Canada, the company priced C$1.6 billion in MTN debentures in two series. The first series is C$900M
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Bell announces offerings of Canadian MTN Debentures and US 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 news release.
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Total News Sources22
Leaning Left2Leaning Right1Center9Last UpdatedBias Distribution75% Center
Bias Distribution
- 75% of the sources are Center
75% Center
L 17%
C 75%
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