BCE Emergis Signs a New CDN $150 Million Convertible Debenture
Demonstrates continued strong support from majority shareholder
(EMAILWIRE.COM, January 02, 2001 ) BCE Emergis Inc. (TSE: IFM) announced today that it has signed a new CDN $150 million convertible debenture with BCE Inc. The new private placement bears interest at a rate of 6.3% per annum and has a term of 18 months.
This $150 million convertible debenture replaces a similar one issued on March 24, 2000 following the acquisition of United Payors & United Providers, and which had a maturity date of
December 31, 2000. Under the terms of the new financing, BCE Inc. has the option to convert the debenture at any time into BCE Emergis common shares at the conversion price of $75.40 per
share.
BCE Emergis is a premier B2B e-commerce infrastructure provider, strategically focusing on market leadership in the transaction-intensive eHealth and financial services sectors. By
layering technologically advanced e-commerce services on existing Internet-based platforms, Emergis offers its customers increasing value in their e-commerce adoption and ever-increasing levels of sophisticated services. These scalable solutions electronically transform business processes, such as buying, selling, invoicing and payment, and enable companies to succeed in the web-centric, cost-driven, and highly competitive global Internet economy. BCE Emergis' customers include leading North American banks and insurance companies. The Company's shares are included in the TSE 100 composite index.
Please visit BCE Emergis at www.emergis.com for more information on the company.
This news release contains certain forward-looking statements that reflect the current views and/or expectations of BCE Emergis with respect to its performance, business and future events. Such statements are subject to a number of risks, uncertainties and assumptions. Actual results and events may vary significantly.
For more information:
Sylvia Morin
Director, Corporate Communications
(514) 868-2358
Email: sylvia.morin@emergis.com
John Gutpell
Director, Investor Relations
(514) 868-2232
Email: john.gutpell@emergis.com
This $150 million convertible debenture replaces a similar one issued on March 24, 2000 following the acquisition of United Payors & United Providers, and which had a maturity date of
December 31, 2000. Under the terms of the new financing, BCE Inc. has the option to convert the debenture at any time into BCE Emergis common shares at the conversion price of $75.40 per
share.
BCE Emergis is a premier B2B e-commerce infrastructure provider, strategically focusing on market leadership in the transaction-intensive eHealth and financial services sectors. By
layering technologically advanced e-commerce services on existing Internet-based platforms, Emergis offers its customers increasing value in their e-commerce adoption and ever-increasing levels of sophisticated services. These scalable solutions electronically transform business processes, such as buying, selling, invoicing and payment, and enable companies to succeed in the web-centric, cost-driven, and highly competitive global Internet economy. BCE Emergis' customers include leading North American banks and insurance companies. The Company's shares are included in the TSE 100 composite index.
Please visit BCE Emergis at www.emergis.com for more information on the company.
This news release contains certain forward-looking statements that reflect the current views and/or expectations of BCE Emergis with respect to its performance, business and future events. Such statements are subject to a number of risks, uncertainties and assumptions. Actual results and events may vary significantly.
For more information:
Sylvia Morin
Director, Corporate Communications
(514) 868-2358
Email: sylvia.morin@emergis.com
John Gutpell
Director, Investor Relations
(514) 868-2232
Email: john.gutpell@emergis.com
Contact Information:
BCE Emergis Inc.
Joseph Nchor
Tel:
Email us
This is a press release. Press release distribution and press release services by EmailWire.Com: http://www.emailwire.com/us-press-release-distribution.php.
BCE Emergis Inc.
Joseph Nchor
Tel:
Email us
This is a press release. Press release distribution and press release services by EmailWire.Com: http://www.emailwire.com/us-press-release-distribution.php.
Press Release Keywords:
Demonstrates continued strong support from majority shareholder
Demonstrates continued strong support from majority shareholder
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