Exhibit 1
For immediate release
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.
Bell announces offering of Series US-7 Notes
MONTRÉAL, February 8, 2022 – Bell Canada (Bell) today announced the public offering in the United States of US $750 million aggregate principal amount of Notes in one series (the US Offering). The US $750 million 3.65% Series US-7 Notes will mature on August 15, 2052 and will be issued at a price of US $99.144 per $100 principal amount for a yield to maturity of 3.697%. The Notes are being publicly offered in the United States through a syndicate of underwriters. Closing of the offering of the Notes is expected to occur on February 11, 2022, subject to customary closing conditions. The Notes will be fully and unconditionally guaranteed by BCE Inc.
Bell intends to use the net proceeds from the US Offering towards the cost of funding the redemption of its C$1 billion principal amount 3.35% MTN Debentures, Series M-26, Due 2023.
The US Offering is being made in the United States pursuant to a prospectus supplement dated February 8, 2022 to Bell’s short form base shelf prospectus dated November 16, 2020 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.
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.
Copies of the short form base shelf prospectus and the prospectus supplement relating to the offering of the Notes filed with securities regulatory authorities in the United States may be obtained from the Investor Relations department of Bell Canada at Building A, 8th floor, 1 Carrefour Alexander-Graham-Bell, Verdun, Québec, H3E 3B3 (telephone 1-800-339-6353). Copies of these documents are also available electronically on the System for Electronic Document Analysis and Retrieval of the Canadian Securities Administrators (SEDAR), at www.sedar.com, or on the Electronic Data Gathering, Analysis, and Retrieval system, administered by the US Securities and Exchange Commission (EDGAR) at www.sec.gov.
Caution Concerning Forward-Looking Statements
Certain statements made in this news release are forward-looking statements, including, but not limited to, statements relating to the expected timing and completion of the proposed sale of the Notes, the intended use of the net proceeds of such sale and other statements that are not historical facts. All such forward-looking statements are made pursuant to the ‘safe harbour’ provisions of applicable Canadian securities laws and of the United States Private Securities Litigation Reform Act of 1995. 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. These statements are not guarantees of future performance or events, and we caution you against relying on any of
