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Bell Announces Offering of Cdn $1.25 billion aggregate principal amount of Hybrid Notes

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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.

The prospectus supplement, the corresponding amended and restated base shelf prospectus and any amendment thereto in connection with the Offering will be accessible through SEDAR+ within two business days.

MONTRÉAL, March 20, 2025 /PRNewswire/ – Bell Canada (Bell) today announced the offering of Cdn $1.25 billion aggregate principal amount of Fixed-to-Fixed Rate Junior Subordinated Notes (the Offering).

The Cdn $1.25 billion Fixed-to-Fixed Rate Junior Subordinated Notes, Series C due 2055 will initially bear interest at a rate per annum of 5.625% and reset every five years starting on March 27, 2030 at a rate per annum equal to the five-year Government of Canada yield plus a spread of 2.950%, provided that the interest rate during any five-year interest period will not reset below 5.625% (the Notes).

The Notes are being publicly offered in all provinces of Canada through a syndicate of agents. Closing of the Offering is expected to occur on March 27, 2025, subject to customary closing conditions. The Notes will be fully and unconditionally guaranteed by BCE Inc.

Bell intends to use the net proceeds from the Offering to repurchase, redeem or repay, as applicable, its senior indebtedness and for other general corporate purposes.

The Offering is being made pursuant to Bell’s amended and restated short form base shelf prospectus dated February 6, 2025 (the amended and restated base shelf prospectus). Bell will file a prospectus supplement to the amended and restated base shelf prospectus relating to this issue with the securities regulatory authorities in all provinces of Canada.

This news release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor will there be any sale of these securities, in any jurisdiction in which such offer, solicitation or sale would be unlawful. The Notes have not been and will not be registered under the U.S. Securities Act of 1933, as amended (U.S. Securities Act), or any U.S. state securities laws and may not be offered or sold in the United States or to or for the account or benefit of U.S. persons (as defined in Regulation S under the U.S. Securities Act).

Access to the prospectus supplement, the corresponding amended and restated base shelf prospectus and any amendment thereto in connection with the Offering is provided in accordance with securities legislation relating to procedures for providing access to a prospectus supplement, a base shelf prospectus and any amendment thereto. The prospectus supplement, the corresponding amended and restated base shelf prospectus and any amendment thereto in connection with the Offering will be accessible within two business days at www.sedarplus.ca.

An electronic or paper copy of the prospectus supplement, the corresponding amended and restated base shelf prospectus and any amendment thereto may be obtained from any one of the joint bookrunners and co-leads, without charge, by contacting BMO Nesbitt Burns Inc. by email at dcmcadsyndicatedesk@bmo.com, BofA Securities, Inc. by email at dg.prospectus_requests@bofa.com, Scotia Capital Inc by email at syndicate.toronto@scotiabank.com, and TD Securities Inc. by email at TDCAN-Syndicate@tdsecurities.com, and by providing the contact with an email address or mailing address, as applicable.

Caution Concerning Forward-Looking Statements

Certain statements made in this news release are forward-looking statements, including, but not limited to, statements relating to the expected timing and completion of the proposed sale of the Notes, the intended use of the net proceeds of such sale 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, 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. 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 offering referred to above. Readers are cautioned that such information may not be appropriate for other purposes. The timing and completion of the abovementioned proposed sale of the Notes is subject to customary closing terms and other risks and uncertainties. Accordingly, there can be no assurance that the proposed sale of the Notes will occur, or that it will occur at the expected time indicated in this news release.

About Bell

Bell is Canada’s largest communications company,1 providing advanced broadband Internet, wireless, TV, media and business communication services. 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. 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.

1 Based on total revenue and total combined customer connections.

Media inquiries:
Ellen Murphy
media@bell.ca 

Investor inquiries: 
Richard Bengian
richard.bengian@bell.ca

View original content:https://www.prnewswire.com/news-releases/bell-announces-offering-of-cdn-1-25-billion-aggregate-principal-amount-of-hybrid-notes-302407607.html

SOURCE Bell Canada (MTL)

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OMNIA Partners Names Ashish Agarwal Executive Vice President of Technology

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Agarwal’s hire reflects OMNIA Partners’ commitment to delivering value through cutting-edge procurement solutions

FRANKLIN, Tenn., March 31, 2025 /PRNewswire/ — Today, OMNIA Partners, the nation’s largest and most experienced group purchasing organization for the public and private sectors, announced that Ashish Agarwal will be joining the Executive Leadership team as Executive Vice President of Technology, reporting to Founder, President, and CEO Todd Abner.

In his new role, Agarwal will oversee IT Infrastructure, Data Engineering, Software Development, and Marketing Technology. At a time when 65% of Chief Procurement Officers (CPOs) report being only somewhat confident in their ability to effectively leverage artificial intelligence over the next 12 months, his leadership will be crucial to maintaining and improving OMNIA Partners’ data infrastructure in addition to evaluating and adopting emerging technologies across the organization.

“Ashish brings the perfect blend of technical expertise and strategic vision to accelerate OMNIA Partners’ digital transformation,” said Todd Abner, OMNIA Partners Founder, President, and CEO. “Emerging technologies and artificial intelligence are redefining what’s possible and empowering the procurement industry to thrive in a rapidly evolving marketplace.”

Agarwal comes to OMNIA Partners with more than 25 years in technology leadership with expertise in product development, digital innovation, and data and analytics across B2B and B2C digital commerce organizations. Prior to OMNIA Partners, Agarwal was focused on shaping technology strategies while driving business impact through innovative, data-driven solutions. He holds a Master of Science in Computer Science from Kent State University, a Master of Business Administration from Georgia State University, and certificates in Data Science/Machine Learning from University of California, Berkeley and Harvard University. Agarwal serves on the Executive Council of Apparo, a leading technology nonprofit organization.

“Throughout my career, I’ve seen how the right technology can transform business operations and create meaningful efficiencies,” said Agarwal. “I’m looking forward to working alongside the OMNIA Partners team to develop and implement solutions that make a tangible difference for our members.”

OMNIA PARTNERS

OMNIA Partners is the largest and most experienced purchasing organization for the public sector, private sector, nonprofit, real estate, and private equity markets. With more than $30B in B2B spending managed each year, its immense purchasing power and industry-leading suppliers have produced an extensive portfolio of procurement solutions and partnerships, making OMNIA Partners the most valued and trusted procurement resource for organizations nationwide.

www.omniapartners.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/omnia-partners-names-ashish-agarwal-executive-vice-president-of-technology-302416036.html

SOURCE OMNIA Partners

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Chef Robotics Announces $43M Series A Round Led by Avataar Ventures to Scale the Deployment of AI-Enabled Robotics

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SAN FRANCISCO, March 31, 2025 /PRNewswire/ — Today, creators of AI-enabled robotic systems for meal assembly Chef Robotics announced it has raised $43.1M in new Series A funding that includes $20.6M in equity and $22.5M in equipment financing debt; the latter will be used to cover the financing of Chef’s robotic systems for Robotics-as-a-Service (RaaS) so Chef’s customers don’t have to front CapEx for their robots.

The equity round was led by Avataar Ventures and included investments from Construct Capital, Bloomberg Beta, Promus Ventures, MFV Partners, Interwoven Ventures, HCVC, MaC Venture Capital, Red and Blue Ventures, Tau Partners, Alumni Ventures, Siddhi Capital, and BOLD Capital Partners. The new funding brings Chef’s total capital raised to $65.6M which consists of $38.8M in equity and $26.75M in equipment financing, all with Silicon Valley Bank, a Division of First Citizens Bank.

Chef has quickly cemented its standing as the industry leader in AI-enabled robotics for meal assembly. Now at over 44M servings produced and counting through robot deployments at leading brands such as Amy’s Kitchen, Sunbasket, Chef Bombay, and Cafe Spice, Chef has procured more meals than all other existing food robotics startups combined. The data that Chef collects on each meal assembled is critical to the company as it relies on real-world production data to train its AI models.

The funding round will allow Chef to accelerate production deployments of its robotic systems, providing momentum for the real-world AI data engine flywheel that the company credits for its rapid growth rate of meals produced. Given food is highly variable, Chef requires high volumes of production data over prolonged periods of time for optimal model performance. The more data Chef collects in the field, the more its systems’ performance improves, the more customers use Chef’s robotic systems, the more customers expand; this expansion in turn creates more runtime in production leading to more data from the field; it also means that when Chef approaches new customers, Chef can help manipulate their ingredients from the get-go, further accelerating the flywheel’s momentum.

“Robotics is really having a moment right now. The innovations in AI have unlocked the potential of Embodied AI for robotics. We believe we’re in the pole position to scale given all the real-world production training data we already have,” says Rajat Bhageria, Founder and CEO of Chef Robotics.

“AI in the physical world is happening right now with robotics. Food is one of the largest markets in the world. Industrial AI is already winning, and food packaging automation is quietly transforming how we get our meals. Chef has quickly cemented its standing as the industry leader in AI-enabled robotics for meal assembly at over 44M servings produced and counting. We look forward to this exciting partnership with Chef Robotics as they expand their global leadership,” said Mohan Kumar, Founder and Managing Partner of Avataar Ventures.

Additionally, this infusion of funds will enable Chef to scale its go-to-market team and efforts. The funding round equips Chef to further invest in non-engineering functions like sales and marketing to scale its deployments.

Chef currently serves customers in the U.S. and Canada, with plans to expand to the U.K. market in 2025. For more on customer impact, visit www.chefrobotics.ai/customer-impact.

About Chef Robotics
Chef is the first company to have commercialized a scalable AI-driven food robotics solution. With over 44 million servings made in production, Chef leverages ChefOS, an AI platform for food manipulation, to offer a Robotics-as-a-Service solution that helps industry-leading food companies increase production volume and meet demand. Headquartered in San Francisco, CA, Chef aims to empower humans to do what humans do best by accelerating the advent of intelligent machines.

About Avataar Ventures
Avataar Venture Partners is a growth-stage B2B fund focused on investing in companies at their inflection point for scaling. Avataar’s full-stack Operating team works closely with portfolio companies across Strategy, Global GTM, Inorganic growth via M&A, Business Finance and IPO-readiness. We invest in Software, Deep Tech, AI in Industrial Automation and Robotics and Capital Efficient B2B2C businesses. More at www.avataar.vc.

Media Contacts
Rajat Bhageria
rajat@chefrobotics.ai

Sarah Mowad
sarah@chefrobotics.ai 

View original content:https://www.prnewswire.com/news-releases/chef-robotics-announces-43m-series-a-round-led-by-avataar-ventures-to-scale-the-deployment-of-ai-enabled-robotics-302416039.html

SOURCE Chef Robotics

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COLERIDGE INITIATIVE’S 5TH ANNUAL NATIONAL CONVENING HIGHLIGHTS THE FUTURE OF DATA-DRIVEN POLICY FOR PUBLIC GOOD

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Data Leaders Converge to Champion Evidence-Based Policy at Critical Time

WASHINGTON, March 31, 2025 /PRNewswire/ — The Coleridge Initiative hosted its 5th Annual National Convening in Arlington, VA, from March 26-28, bringing together nearly 300 data experts, policymakers and thought leaders to explore the transformative power of administrative data in shaping public policy. This year’s Convening, titled Empower Collaboration, Unlock Innovation, and Drive Impact, underscored how strategic partnerships and groundbreaking technology are impacting decision making for state, federal, and private sectors and unlocking the potential of data for public good.

“We stand at a pivotal moment when the need for secure, accessible, and elegant data has never been more critical,” said Dr. Ahu Yildirmaz, President and CEO of the Coleridge Initiative. “This Convening highlights that need and the huge opportunity we have to work in partnership to advance data infrastructure, governance, and accessibility to drive better policies that improve lives.”

The keynote address by Mark Zandi, Chief Economist at Moody’s, emphasized the urgent need for data-driven policymaking amid funding constraints and workforce reductions. “We have seen the quality of data eroding, and it is increasingly difficult to trust traditional sources,” said Zandi. “Data is critical to understanding what is going on and how we respond.”

Yildirmaz celebrated five years of growth and looked to the future: “We are building something greater than a platform – we’re working to generate a network effect,” said Yildirmaz. “Coleridge is not just building a technology platform—we’re helping shape a national data ecosystem. One where every dataset, every agency, every partner contributes to something larger than itself.”

Attendees rose to the challenge, focusing on collaboration between organizations and groundbreaking innovations in data integration to achieve meaningful impact on a range of societal issues. Discussions included:

Empowering Collaboration Across the Public and Private SectorsData Innovation to Drive Opportunity and Access in Higher EducationUnlocking Responsible AI Uses with State and Federal DataBest Practices for Data Sharing, Governance, and InfrastructureMulti-State Data Collaborative (MSDC) Real-World Outcomes

View the full Convening agenda

A standout moment of the Convening was the presentation of the Data Champion of the Year Award to Robert McGough, Chief Data Officer for the state of Arkansas. The award recognizes exceptional leadership in advancing data-driven innovation in the public sector.

“I am honored to be recognized as Data Champion of the Year, especially among the many incredible data professionals from whom I have learned so much,” said McGough. “Mike Rogers (Chief Workforce Officer), Dr. Jake Walker (Chief Research Officer), and I sincerely appreciated the opportunity to share how Arkansas is digitally transforming learning, employment, and advancement through new platforms and improving whole-person care through the Arkansas Integrated Referral and Outcomes System (AIROS). The Coleridge Initiative has been a vital partner in Arkansas’ data journey, and I am excited about the new efforts we have underway this year and the value they will provide to Arkansas and beyond.”

About The Coleridge Initiative, Inc.

The Coleridge Initiative is a nonprofit organization working with governments to ensure that data are more effectively used for public decision-making. Coleridge provides agencies with the opportunity to enhance their data literacy and collaborate within and across states to develop new technologies through the secure access and sharing of confidential microdata. Coleridge provides secure data enclave services to a diverse range of clients, including 24 state government agencies and several federal agencies, through the Administrative Data Research Facility (ADRF). The ADRF is a FedRAMP-authorized cloud-based platform that enables government agencies to link their longitudinal data with other states and agencies. To learn more, visit
www.coleridgeinitiative.org

Media Contact: Nick Obourn, nick.obourn@coleridgeinitiative.org

View original content to download multimedia:https://www.prnewswire.com/news-releases/coleridge-initiatives-5th-annual-national-convening-highlights-the-future-of-data-driven-policy-for-public-good-302415938.html

SOURCE Coleridge Initiative

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