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Press release from CNW Group

Bell Aliant to issue $400 million medium term notes

Friday, June 07, 2013

Bell Aliant to issue $400 million medium term notes

14:15 EDT Friday, June 07, 2013

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.

Forward-looking statements 

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 convenience.

SOURCE: Bell Aliant Inc.

For further information:

Media Relations
Sarah Dawson
888-482-5541
sarah.dawson@bellaliant.ca

Investor Relations
Zeda Redden
877-487-5726
zeda.redden@bellaliant.ca

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