HALIFAX, Feb. 14, 2013 /CNW/ - Bell Aliant Inc. ("Bell Aliant") (TSX: BA)
announced today that its subsidiary, Bell Aliant Preferred Equity Inc. (the
"Company"), has closed the sale of 8,000,000 4.25 per cent Cumulative 5-Year
Rate Reset Series E Preferred Shares (the "Series E Preferred Shares") at a
price of $25.00 per Series E Preferred Share for total gross proceeds of $200
million. This follows the Company's previously announced bought deal public
offering led by Scotiabank, TD Securities Inc, and CIBC. The Series E
Preferred Shares begin trading on the TSX under the symbol "BAF.PR.E" today.
The Series E Preferred Shares have not been, nor will they be, registered
under the United States Securities Act of 1933, as amended, or any state
securities laws and may not be offered or sold in the United States or to U.S.
persons absent registration or applicable exemption from the registration
requirement of such Act and applicable state securities laws. This news
release shall not constitute an offer to sell, or the solicitation of an offer
to buy, nor shall there be any sale of these securities in any jurisdiction in
which such offer, solicitation or sale would be unlawful prior to
qualification under the securities laws of any such jurisdiction.
About Bell Aliant
Bell Aliant Inc. (TSX: BA) is one of North America's largest regional
communications providers and the first company in Canada to cover an entire
city with fibre-to-the-home (FTTH) technology with its FibreOP™ services.
Through its operating entities, Bell Aliant serves customers in six Canadian
provinces with innovative information, communication and technology services,
including voice, data, Internet, video and value-added business solutions.
Bell Aliant's employees deliver the highest quality of customer service,
choice and convenience. For more information, visit www.bellaliant.ca.
This media release is not for distribution to United States Newswire Services
or for dissemination in the United States.
Media Relations: Sarah Levy MacLeod Toll-free: (855) 487-5026
firstname.lastname@example.orgemail@example.com Investor Relations:
Zeda Redden Toll-free: (877) 487-5726 firstname.lastname@example.org
SOURCE: BELL ALIANT INC.
To view this news release in HTML formatting, please use the following URL:
CO: BELL ALIANT INC.
ST: New Brunswick
NI: TLS INTERNET SOF INTERNET NEWSTK
-0- Feb/14/2013 14:21 GMT
Press spacebar to pause and continue. Press esc to stop.