Shearman And Sterling

News May 11, 2023

Bell Canada’s $850 Million Notes Offering

Shearman & Sterling represented BMO Capital Markets, Citigroup, TD Securities, Wells Fargo Securities, BofA Securities and CIBC Capital Markets as joint book-running managers, and Desjardins Capital Markets, Mizuho, National Bank of Canada Financial Markets, RBC Capital Markets, Scotiabank, SMBC Nikko and Casgrain & Company Limited as co-managers, in connection with Bell Canada’s registered public offering of $850 million aggregate principal amount of 5.100% Series US-8 Notes due 2033 (the “Notes”). The Notes were offered in the United States under the SEC’s Multijurisdictional Disclosure System for Canadian issuers.

Bell Canada is wholly owned by BCE, Canada’s largest communications company, which provides residential, business and wholesale customers with a wide range of solutions for all their communications needs. BCE’s Bell Wireless segment provides wireless voice and data communication products and services as well as consumer electronics products across Canada. Its Bell Wireline segment provides data, local telephone, long distance, as well as other communication services and products. Its Bell Media segment provides conventional TV, specialty TV, pay TV, streaming services, digital media services, radio broadcasting services and out-of-home advertising services to customers nationally across Canada.

The Team