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Enter Symbol
or Name
USA
CA



BCE Inc (2)
Symbol BCE
Shares Issued 839,608,247
Close 2014-11-13 C$ 52.73
Market Cap C$ 44,272,542,864
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BCE's Bell Aliant noteholders approve note exchange

2014-11-14 13:30 ET - News Release

Mr. Thane Fotopoulos reports

BELL CANADA AND BELL ALIANT ANNOUNCE APPROVAL OF TRANSACTION TO EXCHANGE BELL ALIANT NOTES FOR BELL CANADA DEBENTURES

More than 99 per cent of the votes cast at the meeting of holders of medium-term notes and floating-rate medium-term notes of BCE Inc.'s Bell Aliant Regional Communications LP, voting as a single class, were in favour of a transaction to exchange all such Bell Aliant notes for Bell Canada debentures having the same financial terms (including with respect to coupon, maturity and redemption price) as those of the Bell Aliant notes.

All of the outstanding Bell Aliant notes (as listed below) will therefore be subject to the note exchange transaction:

  • 5.41-per-cent medium-term notes, Series 2, due Sept. 26, 2016;
  • 5.52-per-cent medium-term notes, Series 4, due Feb. 26, 2019;
  • 6.17-per-cent medium-term notes, Series 5, due Feb. 26, 2037;
  • 4.37-per-cent medium-term notes, Series 7, due Sept. 13, 2017;
  • 4.88-per-cent medium-term notes, Series 8, due April 26, 2018;
  • 3.54-per-cent medium-term notes, Series 9, due June 12, 2020;
  • Floating-rate medium-term notes, Series 10, due April 22, 2016.

As a result of the approval of the note exchange transaction at the meeting of holders of Bell Aliant notes voting as a single class at which quorum was present, Bell Aliant cancelled the separate meetings that had been scheduled for holders of each series of Bell Aliant notes, as described in the information circular mailed to the holders of Bell Aliant notes in connection with the meetings.

Bell Aliant anticipates implementing the note exchange transaction before the end of November, 2014.

The note exchange transaction is part of Bell's strategy to simplify its capital structure and enhance administrative efficiencies by concentrating public debt into a single issuer.

We seek Safe Harbor.

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