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BCE's Bell Canada Announced Upsizing and Results of its Cash Tender Offers for Four Series of Debt Securities
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BCE's Bell Canada Announced Upsizing and Results of its Cash Tender Offers for Four Series of Debt Securities
Jun 10, 2025 5:12 AM

07:52 AM EDT, 06/10/2025 (MT Newswires) -- Bell Canada, wholly owned by BCE (BCE.TO, BCE), overnight Monday announced results of its previously announced separate offers to purchase for cash certain outstanding debentures.

The company also said that it amended the offers by increasing the maximum purchase amount from $500 million in aggregate purchase price, excluding accrued and unpaid interest.

The company will repurchase near $35.5 million in aggregate principal amount of the 3.50% MTN Debentures Series M-51 due 2050; and near $460.3 million in aggregate principal amount of the 4.05% MTN Debentures Series M-55 due 2051; and $105 million in aggregate principal amount of the 4.35% MTN Debentures Series M-39 due 2045; and $100 million in aggregate principal amount of the 4.45% MTN Debentures Series M-45 due 2047; excluding accrued and unpaid interest.

A company statement noted that, according to information provided by TSX Trust Company, the tender agent, $1.24 billion combined aggregate principal amount of the debentures were validly tendered in connection with the offers on June 9 and not validly withdrawn.

The company added that pricing in respect of the debentures is expected to occur on Tuesday, while the "Settlement Date" for any debentures validly tendered and accepted for purchase pursuant to the offer for such debentures is expected to be June 12.

BCE was up $0.43 or 1.4% at $30.25.

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