|By PR Newswire||
|April 16, 2014 07:13 PM EDT||
HALIFAX, April 16, 2014 /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 $150 million principal amount of floating rate notes (the "Notes") to mature on April 22, 2016.
The Notes carry a coupon equal to the 3 month Bankers' Acceptance (CDOR) rate plus 0.53 per cent to be set quarterly on January 22, April 22, July 22, and October 22 of each year, beginning with the expected closing date of April 22, 2014.
On behalf of the Agents' syndicate, RBC Capital Markets and National Bank Financial Inc. will act as lead co-managers and bookrunners for the offering. The net proceeds from the issuance of the Notes are intended to be used to reduce existing indebtedness and for general corporate purposes.
The issue is being made pursuant to Bell Aliant LP's short form base shelf prospectus dated April 2, 2014.
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 April 16, 2014.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, 2013, 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. 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 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, 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 convenience.
SOURCE Bell Aliant Inc.
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