Bell Aliant announces closing of over-allotment option for Series E Preferred
/THIS MEDIA RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES
OR FOR DISSEMINATION IN THE UNITED STATES/
HALIFAX, Feb. 20, 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 an additional 1,200,000 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 $30 million. This follows the exercise in full by the
underwriters of the over-allotment option in connection with the Company's
previously announced bought deal public offering of Series E Preferred Shares
(the "Offering") led by Scotiabank, TD Securities Inc. and CIBC. As a result
of the exercise of the over-allotment option, the aggregate gross proceeds to
the Company pursuant to the Offering now total $230 million. The Series E
Preferred Shares began trading on the TSX under the symbol "BAF.PR.E" on
February 14, 2013.
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 customer service, choice
and convenience. For more information, visit www.bellaliant.ca.
Media Relations: Sarah Levy MacLeod Toll-free: (855) 487-5026
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