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Bell Announces Upsizing of Cash Tender Offers

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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.

MONTRÉAL, May 27, 2026 /CNW/ – Bell Canada (“Bell” or the “Company”) today announced that it has amended its previously announced separate offers (the “Offers”) to purchase for cash up to C$400,000,000 (the “Maximum Purchase Amount”) in aggregate purchase price, excluding accrued and unpaid interest, of its outstanding debentures of the ten series listed in the table below (collectively, the “Debentures”).

The Company has amended the Maximum Purchase Amount to increase the aggregate purchase price of the Debentures subject to the Offers from C$400,000,000 to up to C$1,000,000,000. Except as set forth herein with respect to the increase in the Maximum Purchase Amount, no other terms of the Offers set forth in the Offer to Purchase dated May 27, 2026 (“Offer to Purchase”) have changed. Each Offer is subject to the satisfaction or waiver of certain conditions, including the Financing Condition. Capitalized terms used but not defined in this news release have the meanings given to them in the Offer to Purchase.

Title of
Debentures

Principal Amount
Outstanding

CUSIP / ISIN
Nos.(1)

Reference
Security(2)

Bloomberg
Reference Page(2)

Fixed
Spread
(Basis
Points)(2)

4.35% MTN Debentures Series M-39 due 2045

C$395,000,000

07813ZBR4 /

CA07813ZBR43

CAN 3 ½ 12/01/57

FIT CAN0-50

110

4.45% MTN Debentures Series M-45 due 2047

C$400,000,000

07813ZBX1 /

CA07813ZBX11

CAN 3 ½ 12/01/57

FIT CAN0-50

110

5.15% MTN Debentures Series M-60 due 2028

C$600,000,000

07813ZCN2 /

CA07813ZCN20

CAN 3 ¼ 09/01/28

FIT CAN0-50

45

5.25% MTN Debentures Series M-62 due 2029

C$700,000,000

07813ZCQ5 /

CA07813ZCQ50

CAN 3 ¼ 09/01/28

FIT CAN0-50

50

6.55% MTN Debentures Series M-3 due 2029

C$200,053,000

07813ZAC8 /

CA07813ZAC82

CAN 3 ½ 09/01/29

FIT CAN0-50

60

2.90% MTN Debentures Series M-50 due 2029

C$550,000,000

07813ZCC6 /

CA07813ZCC64

CAN 3 ½ 09/01/29

FIT CAN0-50

35

2.50% MTN Debentures Series M-52 due 2030

C$1,000,000,000

07813ZCE2 /

CA07813ZCE21

CAN 1 ¼ 06/01/30

FIT CAN0-50

40

3.00% MTN Debentures Series M-54 due 2031

C$1,000,000,000

07813ZCG7 /

CA07813ZCG78

CAN ½ 12/01/30

FIT CAN0-50

45

4.75% MTN Debentures Series M-31 due 2044

C$500,000,000

07813ZBH6 /

CA07813ZBH60

CAN 3 ½ 12/01/57

FIT CAN0-50

120

3.80% MTN Debentures Series M-48 due 2028

C$1,000,000,000

07813ZCA0 /

CA07813ZCA09

CAN 3 ¼ 09/01/28

FIT CAN0-50

45

(1)

No representation is made by the Company as to the correctness or accuracy of the CUSIP numbers or ISINs listed in this news release or printed on the Debentures. They are provided solely for convenience.

(2)

The total consideration for each series of Debentures (such consideration, the “Total Consideration”) payable for each C$1,000 principal amount of such series of Debentures validly tendered for purchase will be based on the applicable Fixed Spread specified in the table above for such series of Debentures, plus the applicable yield based on the bid-side price of the applicable Canadian reference security as specified in the table above, as quoted on the applicable Bloomberg Reference Page as of 11:00 a.m. (Eastern time) on June 4, 2026, unless extended by the Company with respect to the applicable Offer (such date and time with respect to an Offer, as the same may be extended by the Company with respect to such Offer, the “Price Determination Date”). The Total Consideration does not include the applicable Accrued Coupon Payment (as defined below), which will be payable in cash in addition to the applicable Total Consideration.

The Company has retained RBC Dominion Securities Inc. (“RBC”), Scotia Capital Inc. (“Scotia”) and CIBC World Markets Inc. (“CIBC”) to act as dealer managers (the “Dealer Managers”) for the Offers. Questions regarding the terms and conditions for the Offers or for copies of the Offer to Purchase should be directed to RBC at 1.877.381.2099 (toll-free) or 416.842.6311 (collect), Scotia at 800.372.3930 (toll-free) or 212.225.5559 (collect), or CIBC at 1.416.594.8515 (collect). You may also contact your broker, dealer, commercial bank, trust company or other nominee for assistance concerning the Offers.

TSX Trust Company will act as the Tender Agent for the Offers.

Holders are advised to check with any bank, securities broker or other intermediary through which they hold Debentures as to when such intermediary would need to receive instructions from a beneficial owner in order for that Holder to be able to participate in, or withdraw their instruction to participate in the Offers before the deadlines specified in the Offer to Purchase. The deadlines set by any such intermediary and CDS Clearing and Depository Services Inc. for the submission and withdrawal of tender instructions will also be earlier than the relevant deadlines specified in the Offer to Purchase.

Offer and Distribution Restrictions

The Offers are being made solely pursuant to the Offer to Purchase. This news release does not constitute a solicitation of an offer to buy any securities in the United States. No Offer constitutes an offer or an invitation by, or on behalf of BCE Inc. (“BCE”), Bell’s parent company, the Company or the Dealer Managers (i) to participate in the Offers in the United States; (ii) to, or for the account or benefit of, any “U.S. person” (as such term is defined in Regulation S of the U.S. Securities Act of 1933, as amended); or (iii) to participate in the Offers in any jurisdiction in which it is unlawful to make such an offer or solicitation in such jurisdiction, and such persons are not eligible to participate in or tender any securities pursuant to the Offers. No action has been or will be taken in the United States or any other jurisdiction that would permit the possession, circulation or distribution of this news release, the Offer to Purchase or any other offering material or advertisements in connection with the Offers to (i) any person in the United States; (ii) any U.S. person; (iii) anyone in any other jurisdiction in which such offer or solicitation is not authorized; or (iv) any person to whom it is unlawful to make such offer or solicitation. Accordingly, neither this news release, the Offer to Purchase nor any other offering material or advertisements in connection with the Offers may be distributed or published, in or from the United States or any such other jurisdiction (except in compliance with any applicable rules or regulations of such other jurisdiction). Tenders will not be accepted from any holder located or resident in the United States.

In any jurisdiction in which the securities laws require the Offers to be made by a licensed broker or dealer, the Offers will be deemed to have been made on behalf of the Company by the Dealer Managers or one or more registered brokers or dealers that are licensed under the laws of such jurisdiction.

This news release is for informational purposes only. This news release is not an offer to purchase or a solicitation of an offer to sell any Debentures or any other securities of BCE, the Company or any of their subsidiaries.

Caution Concerning Forward-Looking Statements

Certain statements made in this news release are forward-looking statements, including, but not limited to, statements regarding the terms and conditions of the Offers, including the acceptance for purchase of any Debentures validly tendered; the satisfaction or waiver of certain conditions of the Offers, including the Financing Condition; and other statements that are not historical facts. 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. Forward-looking statements are subject to inherent risks and uncertainties and are based on several assumptions which give rise to the possibility that actual results or events could differ materially from our expectations. These statements are not guarantees of future performance or events, and we caution you against relying on any of these forward-looking statements. The forward-looking statements contained in this news release describe our expectations at the date of this news release and, accordingly, are subject to change after such date. Except as may be required by applicable securities laws, we do not undertake any obligation to update or revise any forward-looking statements contained in this news release, whether as a result of new information, future events or otherwise. Forward-looking statements are provided herein for the purpose of giving information about the proposed Offers referred to above. Readers are cautioned that such information may not be appropriate for other purposes. The Company’s obligation to complete an Offer with respect to a particular series of Debentures validly tendered is conditioned on the satisfaction of conditions described in the Offer to Purchase, including the Financing Condition. Accordingly, there can be no assurance that repurchases of the Debentures under the Offers will occur. For additional information on assumptions and risks underlying certain of the forward-looking statements made in this news release, please consult BCE Inc.’s (BCE) 2025 Annual MD&A dated March 5, 2026, BCE’s First Quarter MD&A dated May 6, 2026 and BCE’s news release dated May 7, 2026 announcing its financial results for the first quarter of 2026, filed with the Canadian provincial securities regulatory authorities (available at sedarplus.ca) and with the U.S. Securities and Exchange Commission (available at SEC.gov). These documents are also available at BCE.ca.

About Bell 

Bell is Canada’s largest communications company1, leading the way in advanced fibre and wireless networks, enterprise services and digital media. By delivering next-generation technology that leverages cloud-based and AI-driven solutions, we’re keeping customers connected, informed and entertained while enabling businesses to compete on the world stage. To learn more, please visit Bell.ca or BCE.ca. 

1 Based on total revenue and total combined customer connections. 

Media Inquiries:
Ellen Murphy
media@bell.ca

Investor Inquiries:
Krishna Somers
krishna.somers@bell.ca

SOURCE Bell Canada (MTL)

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Nscale Appoints Tech Industry Veteran Justin Osofsky as Chief Operating Officer

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Former Meta Executive Brings 18 Years of Operational Leadership to Nscale

LONDON, Oct. 2, 2026 /PRNewswire/ — Nscale, the vertically integrated AI infrastructure company, today announced the appointment of Justin Osofsky as Chief Operating Officer (COO). Osofsky will report directly to Founder and Chief Executive Officer Josh Payne and oversee Nscale’s global operations as the company accelerates its rapid expansion.

“Nscale is rapidly scaling our vertically integrated platform globally to serve high customer demand. Building the right systems and processes that scale and maintain operational excellence is of vital importance to our mission.” said Josh Payne, Founder and CEO of Nscale, “Justin has spent nearly two decades helping build and scale one of the most successful technology companies in the world. We are incredibly fortunate to have him join us as our Chief Operating Officer.”

Osofsky joins Nscale following an 18-year career at Meta, where he held senior executive roles spanning global operations, partnerships, corporate development, monetization, and platform strategy. Most recently serving as Chief Partnerships Officer at Meta, Osofsky previously served as Chief Operating Officer of Instagram, Vice President of Global Operations at Meta, and Head of the Small and Medium Business (SMB) group at Meta.

As Chief Operating Officer, Osofsky will drive operational cadence, cross-functional execution, and organizational scaling across Nscale’s expanding global footprint. His scope of responsibility includes leading Nscale’s People, EMEA, APAC, Business Development, Communications, Marketing, Global Policy, and M&A organizations.

“Having observed Nscale’s remarkable trajectory and vision, I am thrilled to partner with Josh and his leadership team,” Osofsky said. “My focus will be on delivering lasting value to our customers worldwide by building the operating structures and execution discipline to connect our capabilities across our global teams.”

Osofsky holds an MBA from Harvard Business School, a J.D. magna cum laude from Harvard Law School, and an A.B. in Economics from Harvard University. Prior to joining Meta, he was an Engagement Manager at McKinsey & Company.

About Nscale

Nscale Limited (Nscale) is a full-stack AI cloud platform. We bring together software, compute, and power in a vertically integrated offering – from a unified cloud platform for running AI training and inference, to the data centers and low-cost power that make it possible. Our mission is to build the engine of superintelligence and enhance access to the benefits of advanced AI for enterprises, governments, and the communities that depend on them.

View original content to download multimedia:https://www.prnewswire.com/news-releases/nscale-appoints-tech-industry-veteran-justin-osofsky-as-chief-operating-officer-302897440.html

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Minister McKnight tours Westridge Marine Terminal, showcasing Canada’s ability to build major energy infrastructure responsibly

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BURNABY, BC, Oct. 2, 2026 /CNW/ — Today, the Honourable Jill McKnight, Minister of Veterans Affairs and Associate Minister of National Defence, on behalf of the Honourable Tim Hodgson, Minister of Energy and Natural Resources, toured the Westridge Marine Terminal in Burnaby to highlight the safety, environmental and marine protection, and operational excellence that have made the facility a critical gateway for Canadian energy exports to global markets. For 70 years, but especially following recent modernization, Westridge has served as a best-in-class example of Canada’s rigorous approach to building energy infrastructure that pairs economic growth with environmental protection and public safety.

The visit comes one day after Prime Minister Carney announced the listing of the Pacific Link pipeline as a project of national interest under the Building Canada Act. Pacific Link will reduce our dependence on the United States by allowing Canada to export an additional one million barrels a day from a new marine terminal in Delta, B.C., to growing markets in Asia. The project will create up to 140,000 jobs across the country and generate over $20 billion in GDP per year and $100 billion in government revenue by 2060 — revenue that will help build the infrastructure and homes British Columbians and all Canadians need and protect the social programs they rely on, from health care to child care.

The tour underscored that Pacific Link is not a hypothetical concept. Seventy to ninety percent of the proposed project would leverage the existing Trans Mountain corridor. With Trans Mountain Corporation (TMC) as the lead developer, the project will benefit from TMC’s extensive, decades-long operational knowledge of the existing and proposed corridor, delivery, receipt and receipt terminals, and construction.

The Westridge Marine Terminal in Burrard Inlet connects the Trans Mountain Expansion Project (TMEP), completed in 2024, to tanker vessels for export. The newly expanded Terminal comprises three new vessel loading berths and significantly increases the oil export capacity from the Westridge terminal — transforming Westridge into a modern export facility capable of connecting Canadian energy producers with new markets across the Asia-Pacific region while maintaining rigorous environmental and safety standards. Before the TMEP, Westridge received approximately five vessels per month. Now, it can receive 34 per month. An 85-person team that includes supervisory staff, technicians, marine professionals, emergency response personnel and others operates the Burnaby and Westridge Terminals on a 24/7 basis. Throughout the tour, Minister McKnight received updates on the measures that support safe operations at Westridge. For example, Minister McKnight heard about consultation, mitigation and safety measures such as:

The expansion of the Western Canada Marine Response Corporation from approximately 60 to nearly 200 people to support a world-class response regimeTrans Mountain’s Marine Mammal Protection Program, which implemented 32 mitigation and monitoring measures to reduce impacts on whales and other marine mammalsA rock reef complex designed to create refuges for smaller fish and surface area for algae to growConsultation with Indigenous Peoples, leading to one of the largest archaeological projects in Canada that identified 80,000 artifacts relevant to First Nations’ history69 Mutual Benefit Agreements worth over $650 million, signed with 81 Indigenous groups, to access economic opportunities associated with the TMEP

As Canada looks ahead to the development of Pacific Link, Westridge stands as a concrete example of how major nation-building infrastructure can be delivered in a way that respects local and Indigenous communities, protects local environments and creates long-term economic opportunities for Canada.

The lessons learned through the planning, construction and operation of the TMEP provide a strong foundation for future energy infrastructure. The Government of Canada is committed to ensuring that future infrastructure development is grounded in proven practices and real-world experience. By building on existing corridors, leveraging established expertise and maintaining high standards for environmental stewardship and Indigenous consultation, Pacific Link will strengthen Canada’s economic and energy security while supporting responsible resource development and bringing prosperity to local communities.

Quotes

“We all share a responsibility to protect the waters, ecosystems and communities that make British Columbia so special. That’s why it was important for me to see first-hand the work being done at Westridge to protect the environment and maintain the highest safety standards. This facility reflects years of planning, oversight and meaningful consultation with Indigenous communities — rigour Canadians can be proud of. Westridge shows that when we work together, we can build major infrastructure responsibly. As we look to new opportunities like Pacific Link, that’s the standard Canadians rightfully expect us to uphold and we are wholly committed to delivering on.”

The Honourable Jill McKnight
Minister of Veterans Affairs and Associate Minister of National Defence and M.P. for Delta

“Canada has what the world wants, and we know how to get our energy to those global markets responsibly. The Trans Mountain Expansion and the world-class Westridge Terminal demonstrate what Canadians know well: we do not have to choose between economic growth and a healthy environment. As we move toward shovels in the ground on Pacific Link by September 2027, I look forward to showing Canadians and the world once again what British Columbia and Canada do best as a responsible energy superpower.”

The Honourable Tim Hodgson
Minister of Energy and Natural Resources

Quick Facts

The West Coast Oil Pipeline, now known as Pacific Link, has now been listed as a project of national interest under Schedule 1 of the Building Canada Act. Pacific Link is being advanced in tandem with the Pathways project, one of the world’s largest carbon capture projects that would reduce emissions equivalent to taking nearly five million cars off the road annually.Listing enables the project to proceed through a single federal regulatory review process that will inform the development of a conditions document.The Building Canada Act includes a dedicated listing consultation phase that gathers information from Indigenous communities whose rights may be affected, provinces and territories, federal departments and interested parties.The Government of Canada remains committed to fulfilling its duty to consult and respecting Aboriginal and treaty rights throughout the project’s review process.Over the next year, the MPO — supported by the Canada Energy Regulator (CER) — will undertake the federal review process and development of a conditions document, which would serve as the CER certificate including Fisheries Act authorizations and Species at Risk Act permits, among other federal permits, that would otherwise be issued by separate ministers.Before expansion TMEP, Canada shipped 97 percent of its oil to or through the U.S. On TMEP, 65 percent of volumes are being sent to Asia, meaning we now ship nearly 10 percent of our oil to countries other than the U.S.The benefits to Indigenous Peoples of the Trans Mountain Expansion include:69 Mutual Benefit Agreements with Indigenous Peoples, representing 81 Indigenous groups and $657 million in fundingJobs for more than 3,600 Indigenous workersMore than $6.5 billion for Indigenous-led business contracts Canada’s west-coast ports move nearly $400 billion worth of goods a year. On September 29, 2026, Prime Minister Carney announced an historic investment of $1.2 billion to better protect Canada’s oceans and the life they sustain by increasing monitoring, strengthening ocean science and ecosystem protections, and improving our marine incident prevention and preparedness.These measures build on the ambitious work underway that is cementing Canada’s position as a global leader in ocean conservation. The government’s landmark initiatives so far include a new nature strategy, A Force of Nature, to protect 30 percent of Canada’s oceans by 2030; an Atlantic salmon program and a renewed Pacific Salmon Strategy Initiative; and nearly $260 million in new measures to protect whales from vessel traffic and noise.To date, the Government of Canada has invested $3.2 billion in new systems, research and personnel that will protect our oceans and marine life.

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Prime Minister Carney lists the West Coast Oil Pipeline, now known as Pacific Link, as a project of national interest to unlock Canada’s full potential as a global energy superpowerMajor Projects Office

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Insurance Expert Tammy McNeill Outlines What Full Coverage Car Insurance Includes in HelloNation

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The article explains how liability, collision, comprehensive, deductibles, limits, and optional protections determine what an auto insurance policy actually covers.

WILMINGTON, N.C., Oct. 2, 2026 /PRNewswire/ — What does full coverage car insurance really mean?

HelloNation answers that question in an article featuring insights from Insurance Expert Tammy McNeill of Wilmington, NC.

The article explains that full coverage car insurance is not a standardized policy that protects against every possible loss. Instead, the phrase commonly describes a combination of several types of auto insurance coverage, typically including liability, collision, and comprehensive protections.

Liability coverage generally applies when an insured driver is legally responsible for injuries or property damage caused to others. Policies may include bodily injury and property damage protections, with requirements and available limits varying according to the state and policy.

The article notes that liability coverage generally does not pay for repairs to the insured driver’s own vehicle after an at-fault accident. That distinction is one reason other protections are commonly included when drivers describe their policies as full coverage.

Collision coverage generally helps pay for covered damage to an insured vehicle after an accident with another vehicle or object. Certain single-vehicle accidents may also qualify, depending on policy terms, limits, and the applicable car insurance deductible.

Comprehensive coverage addresses certain types of covered vehicle damage that do not result from a collision. Examples may include theft, vandalism, hail, falling objects, or damage involving an animal. Specific covered events depend on the individual policy.

A car insurance deductible represents the amount a policyholder is responsible for paying toward certain covered losses before insurance pays the remaining eligible amount. Selecting a higher deductible may affect premiums while increasing the policyholder’s potential out-of-pocket expense after a covered claim.

The article emphasizes that full coverage car insurance does not mean every accident, expense, or type of vehicle damage will automatically be covered. Policy limits, exclusions, deductibles, and the circumstances surrounding a loss still determine how protection applies.

Other forms of auto insurance coverage may also be available or required. These can include uninsured or underinsured motorist protection, medical payments coverage, or personal injury protection. Drivers should not assume these protections are included simply because a policy is described as full coverage.

Optional protections can further affect a policy. Rental reimbursement, roadside assistance, and other endorsements may be available from some insurers, but they have separate conditions and limits. Insurance Expert Tammy McNeill’s guidance emphasizes understanding individual policy components rather than relying on a general label.

Policy limits are another important consideration. Collision coverage or comprehensive coverage can be included without providing unlimited protection. The declarations page generally identifies selected coverages, limits, and deductibles for the insured vehicles.

Financed or leased vehicles can involve additional requirements. A lender or leasing company may require certain physical damage protections because it maintains a financial interest in the vehicle. Those requirements are separate from insurance protections required under state law.

The article also explains that exclusions can affect whether a claim is covered. Policies may exclude particular drivers, vehicle uses, property, or circumstances. Reviewing individual components and restrictions provides a clearer understanding of what protection is actually available.

Two drivers who both describe their policies using the same general term may have different limits, deductibles, exclusions, and optional protections. Reviewing each element separately helps drivers understand their actual coverage and potential financial responsibilities.

What Does Full Coverage Car Insurance Really Mean? features insights from Tammy McNeill, Insurance Expert of Wilmington, NC, in HelloNation.

About HelloNation
HelloNation is America’s Good News Network, a premier media platform built on the idea that good news travels faster when real people tell real stories. Through its community-focused publications and innovative “edvertising” approach, HelloNation delivers content that informs, inspires, and spotlights the leaders making a meaningful impact in their communities.

View original content to download multimedia:https://www.prnewswire.com/news-releases/insurance-expert-tammy-mcneill-outlines-what-full-coverage-car-insurance-includes-in-hellonation-302897499.html

SOURCE HelloNation

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