Bce Inc 6-K, filed Nov 15, 2021
Bce Inc (BCE)
About this 6-K
Bce Inc filed this 6-K on November 15, 2021.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13A-16 OR 15D-16
OF THE SECURITIES EXCHANGE ACT OF 1934
November 12, 2021
BCE Inc.
(Translation of registrant’s name into English)
1, Carrefour Alexander-Graham-Bell,
Verdun, Québec, Canada H3E 3B3
(514) 870-8777
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☐ Form 40-F ☒
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b) (1): ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b) (7): ☐
Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes ☐ No ☒
If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- .
Notwithstanding any reference to BCE Inc.’s Web site on the World Wide Web in the document attached hereto, the information contained in BCE Inc.’s site or any other site on the World Wide Web referred to in BCE Inc.’s site is not a part of this Form 6-K and, therefore, is not furnished to the Securities and Exchange Commission.
EXHIBIT INDEX
| Exhibit |
||
| 1 | Press Release | |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| BCE Inc. | ||||||
| Date: November 12, 2021 | By: | (signed) Alexis Cloutier | ||||
| Name: Alexis Cloutier | ||||||
| Title: Assistant Corporate Secretary | ||||||
Exhibit 1
This news release contains forward-looking statements. For a description of the related risk factors and assumptions, please see the section entitled “Caution Concerning Forward-Looking Statements” later in this news release.
Bell Canada announces approval of proposed amendments to its 1976 trust indenture
MONTRÉAL, November 12, 2021 – Bell Canada (“Bell”) announced today it has successfully completed the previously announced consent and proxy solicitation (the “Solicitation”) with respect to proposed amendments (the “Proposed Amendments”) to its trust indenture dated as of July 1, 1976 (as amended or supplemented, the “1976 Indenture”), pursuant to which the debentures listed below were issued (the “Debentures”).
The extraordinary resolution to approve the Proposed Amendments, described in Bell’s consent and proxy solicitation statement dated September 29, 2021 (the “Solicitation Statement”) was approved at the special meeting of the holders of Debentures held on November 12, 2021 by the favourable votes of holders of more than 66 2/3% of the outstanding principal amount of Debentures represented at the meeting.
Bell intends to execute a supplemental indenture to the 1976 Indenture pursuant to which the Proposed Amendments will become effective. As described in the Solicitation Statement, following the effectiveness of the Proposed Amendments, Bell will pay a fee to Debentureholders as at the record date who responded to the Solicitation to consent to or withhold consent from, or to vote for or against, the Proposed Amendments of $0.50 for each $1,000 principal amount of Debentures held under the 1976 Indenture.
Debentures under the 1976 Indenture
| Series | CUSIP | |
| 10% Debentures, Series EH, due November 15, 2041 |
N/A | |
| 9.7% Debentures, Series EJ, due December 15, 2032 |
078149DK4 | |
| 9.25% Debentures, Series EO, due May 15, 2053 |
078149DN8 | |
| 10% Debentures, Series EU, due December 1, 2054 |
078149DR9 | |
| 7% Debentures, Series EZ, due September 24, 2027 |
078149DW8 |
BMO Nesbitt Burns Inc. acted as the Solicitation Agent for the Solicitation. D.F. King Canada now part of TMX Group acted as the Information Agent for the Solicitation.
Caution Concerning Forward-Looking Statements
This press release contains forward-looking statements about certain matters, including the Proposed Amendments and implementation thereof and the fee payment, that are not historical facts. A statement we make is forward-looking when it uses what we know and expect today to make a statement about the future. Forward-looking statements are typically identified by the words assumption, goal, guidance, objective, outlook, project, strategy, target and other similar expressions or future or conditional verbs such as aim, anticipate, believe, could, expect, intend, may, plan, seek, should, strive and will. All such forward-looking statements are made pursuant to the “safe harbour” provisions of applicable Canadian securities laws and of the United States Private Securities Litigation Reform Act of 1995.
Unless otherwise indicated by us, forward-looking statements contained in this news release describe Bell’s expectations as at the date hereof. Except as may be required by Canadian securities laws, we do not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
Forward-looking statements, by their very nature, are subject to inherent risks and uncertainties and are based on several assumptions, both general and specific, which give rise to the possibility that actual results or events could differ materially from our expectations expressed in or implied by such forward-looking statements. As a result, we cannot guarantee that any forward-looking statement made in this news release will materialize and we caution you against relying on any of these forward-looking statements. Forward-looking statements are provided herein for the purpose of informing Debentureholders about Bell’s plans with respect to the Proposed Amendments. Readers are cautioned, however, that such information may not be appropriate for other purposes.
Forward-looking statements made in this news release are based on a number of assumptions that Bell believed were reasonable on the day it made the forward-looking statements, including that the Proposed Amendments would have the effects described in the Solicitation Statement. If our assumptions turn out to be inaccurate, actual results or events could be materially different from what we expect. There is a risk that the Proposed Amendments, if implemented, may not ultimately have some or all of the effects anticipated by us.
Important factors that could cause actual results or events to differ materially from those expressed in or implied by Bell’s forward-looking statements made in this news release are disclosed in section 9 entitled “Business risks” of BCE’s annual MD&A for the year ended
December 31, 2020, as such disclosure has been updated in BCE’s 2021 First Quarter MD&A dated April 28, 2021, 2021 Second Quarter MD&A dated August 4, 2021, and 2021 Third Quarter MD&A dated November 3, 2021, as filed with Canadian securities regulatory authorities and available on SEDAR at sedar.com and with the U.S. Securities and Exchange Commission and available on EDGAR at sec.gov. These documents are also available on BCE’s website at bce.ca. Readers are cautioned that the risks referred to above are not the only ones that could affect forward-looking statements made in this news release. Additional risks and uncertainties not currently known to us or that we currently deem to be immaterial may also have a material adverse effect on forward-looking statements made in this news release.
About Bell
Bell is Canada’s largest communications company, providing advanced broadband wireless, TV, Internet, media and business communication services throughout the country. Founded in Montréal in 1880, Bell is wholly owned by BCE Inc. To learn more, please visit Bell.ca or BCE.ca.
Through Bell for Better, we are investing to create a better today and a better tomorrow by supporting the social and economic prosperity of our communities with a commitment to the highest environmental, social and governance (ESG) standards. This includes the Bell Let’s Talk initiative, which promotes Canadian mental health with national awareness and anti-stigma campaigns like Bell Let’s Talk Day and significant Bell funding of community care and access, research and workplace leadership initiatives throughout the country. To learn more, please visit Bell.ca/LetsTalk.
Media Inquiries:
Marie-Eve Francoeur
514-391-5263
marie-eve.francoeur@bell.ca
Investor Inquiries:
Thane Fotopoulos
514-870-4619
thane.fotopoulos@bell.ca