HALIFAX, June 7, 2013 /CNW/ - Bell Aliant Inc. ("Bell Aliant") (TSX: BA) is
pleased to announce that Bell Aliant Regional Communications, Limited
Partnership ("Bell Aliant LP") has agreed to sell, on an agency basis, an
aggregate of $400 million principal amount of medium term notes (the "Notes")
to mature on June 12, 2020. The Notes will carry a coupon of 3.54 per cent.
The issue is scheduled to close on June 14, 2013. On behalf of the Agents'
syndicate, BMO Capital Markets, RBC Capital Markets and Desjardins Securities
will act as co-lead managers and BMO Capital Markets and RBC Capital Markets
will be joint bookrunners for the offering. The net proceeds from the issuance
of the Notes are intended to be used to redeem in their entirety the 4.95 per
cent medium term notes due February 26, 2014 (the "2014 Notes") and for
general corporate purposes.
The issue is being made pursuant to Bell Aliant LP's short form base shelf
prospectus dated January 16, 2012.
This news release contains forward-looking statements concerning future events
and expectations, specifically relating to the planned use of the proceeds
from the Notes issuance. These statements describe management's expectations
at June 7, 2013. These statements are based on management's beliefs regarding
future events, and are subject to risks and uncertainties that are beyond
management's control. Therefore, actual events may differ materially from what
is predicted. Assumptions made and risk factors considered in preparing our
forward-looking statements are discussed in detail in the annual management's
discussion and analysis of each of Bell Aliant Inc. and Bell Aliant Regional
Communications Inc. for the year ended December 31, 2012, as well as in Bell
Aliant Inc.'s and Bell Aliant Regional Communications Inc.'s annual
information forms, which are available at www.bellaliant.ca or at
www.sedar.com. The planned use of proceeds from issuance of the Notes is also
subject to the satisfaction of all requirements to enable redemption of the
2014 Notes. All forward-looking statements in this news release are qualified
by these cautionary statements, and there can be no assurance that the results
or events predicted will be realized. Except as may be required by Canadian
securities laws, Bell Aliant disclaims any intention and assumes no obligation
to update or revise any forward-looking statement, even if new information
becomes available, as a result of future events or for any other reason.
Readers should not place undue reliance on any forward-looking statements.
About Bell Aliant
Bell Aliant (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 it 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
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SOURCE: Bell Aliant Inc.
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