MONTREAL--(BUSINESS WIRE)--March 8, 2002--Bell Canada International Inc. (NASDAQ:BCICF) (TSE:BI.) today announced that it has closed the amendment of its existing credit facility in the reduced amount of $230 million. This senior secured term loan, with a consortium of leading international and Canadian financial institutions, matures in March 2003 and replaces an existing facility in the amount of $400 million that was to mature in March 2002.
The closing of the amendment to the credit facility concludes another element of BCI's recapitalization plan announced in December 2001.
BCI, through Telecom Americas, owns and operates 4 Brazilian B Band cellular companies serving more than 4.3 million subscribers in territories of Brazil with a population of approximately 60 million. BCI is a subsidiary of BCE Inc., Canada's largest communications company. BCI is listed on the Toronto Stock Exchange under the symbol BI and on the NASDAQ National Market under the symbol BCICF. Visit our Web site at www.bci.ca.
SEEMS THIS COMPANY DESERVES TO BE DISCUSSED HERE PARTICULARLY WITH RECENT VOLUME SPIKE IN ADVANCE OF EARNINGS
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