On September 18, 2001, credit facilities in the aggregate amount of $475 million were provided to Bell Canada International by a syndicate of Canadian banks ($400 million) and Bell Canada International's majority shareholder, BCE Inc. ($75 million). These credit facilities, in respect of which Salomon Smith Barney Inc. acted as sole lead arranger, book runner and advisor, replaced existing credit facilities in the amount of $250 million which were to mature in December 2001.
Etienne Massicotte, Howard J. Rosenoff and Donna Benedek of Stikeman Elliott, represented Salomon Smith Barney Inc. and the syndicate of Canadian banks. Mark Hounsell and Keith Flavell, respectively general counsel and corporate secretary and senior counsel of Bell Canada International, with the assistance of Ogilvy Renault (Michael D. Matheson, Christian P. Sioufi and Steve Malas), represented Bell Canada International. Anik Morin and Yves Rocheleau represented BCE.