BELL MOBILITY SIGNS NEW CREDIT FACILITY.MONTREAL--(BUSINESS WIRE)--July 12, 1995--BCE Mobile Communications Inc. (BCE BCE abbr. 1. Bachelor of Chemical Engineering 2. Bachelor of Civil Engineering BCE Abbreviation for before the Common Era. Mobile) today announced that its cellular business unit, Bell Mobility Cellular Inc., has entered into a new five-year $250 million credit facility with a syndicate of twelve banks, led by Royal Bank of Canada Bank of Canada Canada's central bank, established under the Bank of Canada Act (1934). It was founded during the Great Depression to regulate credit and currency. The Bank acts as the Canadian government's fiscal agent and has the sole right to issue paper money. . Replacing a credit facility signed in 1989, the new agreement features pricing based on Bell Mobility Cellular's debenture credit rating from Standard & Poor's Corporation. Earlier this year, the company was awarded a "BBB BBB A medium grade assigned to a debt obligation by a rating agency to indicate an adequate ability to pay interest and repay principal. However, adverse developments are more likely to impair this ability than would be the case for bonds rated A and above. +" rating from S&P, which places it among the highest-rated cellular operators in the world. Royal Bank of Canada, as underwriter and agent, syndicated the facility. The Toronto-Dominion Bank is documentation agent. Co- agents include Bank of Montreal “BMO” redirects here. For the mathematics competition, see British Mathematical Olympiad. Bank of Montreal/Banque de Montréal (TSX: BMO, NYSE: BMO) is Canada's fourth largest bank[1], and is classified as a Domestic Chartered Bank (Schedule I). , The Bank of Nova Scotia, Societe Generale (Canada), Sanwa Bank Canada and ABN Amro Bank. Lead managers are National Bank of Canada This article is about a commercial bank. For Canada's central bank, see Bank of Canada. National Bank of Canada (Banque Nationale du Canada) TSX: NA is the sixth largest bank in Canada, and so is one of the Big Six banks. , Union Bank of Switzerland (Canada), Citibank Canada and Sumitomo Bank of Canada. Credit Lyonnais Canada is manager. BCE Mobile is the Canadian leader in mobile communications. Its subsidiaries, operating under the Bell Mobility banner, provide cellular, paging, data and airline passenger communications services and are involved in the sale of cellular hardware and private radio systems. BCE Mobile is a publicly traded subsidiary of BCE Inc. CONTACT: John Gutpell, 514/956-4827 |
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