Base shelf prospectus is accessible, and
prospectus supplement will be accessible within two business days,
through SEDAR+
4.65% Notes, Series CAQ due August
13, 2031
VANCOUVER, BC, Aug. 8, 2024
/CNW/ - TELUS announced today it has priced $700 million of senior unsecured notes with
a 7-year maturity. The notes are offered through a syndicate of
agents led by BMO Capital Markets, CIBC Capital Markets and RBC
Capital Markets (the "Lead Agents"). Closing of the offering is
expected to occur on or about August 13,
2024.
The 4.65% notes, Series CAQ, were priced at $99.911 per $100 principal amount for an effective yield of
4.665% per annum until maturity, and will mature on August 13, 2031.
The net proceeds of this offering will be used for the repayment
of outstanding indebtedness, including the repayment of commercial
paper (incurred for general working capital purposes) and the
reduction of cash amounts outstanding under an arm's length
securitization trust under which an affiliate of TELUS is able to
borrow against certain trade receivables and unbilled customer
finance receivables (incurred for general working capital
purposes), and for other general corporate purposes.
This media release does not constitute an offer to sell or the
solicitation of an offer to buy the securities in any jurisdiction.
The securities being offered have not been approved or disapproved
by any Canadian securities regulatory authority, nor has any
authority passed upon the accuracy or adequacy of the short form
base shelf prospectus or the prospectus supplement. The notes have
not been registered under the U.S. Securities Act of 1933, as
amended, and no notes are being offered in the United States or to or for the account or
benefit of any U.S. person.
The notes are being offered pursuant to a prospectus supplement
to the short form base shelf prospectus of TELUS dated August 2, 2024. The prospectus supplement and the
corresponding short form base shelf prospectus contain important
detailed information about the notes. Access to the prospectus
supplement and the base shelf prospectus, and any amendments to the
thereto, are provided in accordance with securities legislation
relating to the procedures for providing access to such documents.
An electronic or paper copy of the prospectus supplement and
corresponding short form base shelf prospectus relating to the
offering of notes may be obtained, without charge, from the
Executive Vice-President and Chief Legal and Governance Officer of
TELUS at 510 W. Georgia St., 23rd Floor, Vancouver, British Columbia V6B 0M3 (telephone
604-695-6420) or from BMO Capital Markets by email at
DCMCADSyndicateDesk@bmo.com, CIBC Capital Markets by phone at
416-594-8515 or email at Mailbox.CIBCDebtSyndication@cibc.com or
RBC Capital Markets by phone at 416-842-6311 or email at
TorontoSyndicate@rbccm.com by providing an email address or mailing
address, as applicable. Copies of these documents will be
accessible electronically within two business days of the date
hereof on the System for Electronic Data Analysis and Retrieval+ of
the Canadian Securities Administrators ("SEDAR+"), at
www.sedarplus.ca. Investors should read the short form base
shelf prospectus and prospectus supplement before making an
investment decision.
Forward-Looking Statements
This news release contains statements about future events
pertaining to the offering, including the anticipated closing date
of the offering and the intended use of the net proceeds of the
offering. By their nature, forward-looking statements require us to
make assumptions and predictions and are subject to inherent risks
and uncertainties including risks associated with capital and debt
markets. There is significant risk that the forward-looking
statements will not prove to be accurate. The timing and closing of
the above-mentioned offering are subject to customary closing
conditions and other risks and uncertainties. Readers are cautioned
not to place undue reliance on forward-looking statements as a
number of factors could cause actual future performance and events
to differ materially from those described in the forward-looking
statements. Accordingly, this news release is subject to the
disclaimer and the qualifications and risk factors as set out in
our 2023 annual management's discussion and analysis (MD&A),
our MD&A for the three-month and six-month periods ended
June 30, 2024 and in other TELUS
public disclosure documents and filings with securities commissions
in Canada (on SEDAR+ at
sedarplus.ca) and in the United
States (on EDGAR at sec.gov). 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 required by law, TELUS disclaims any
intention or obligation to update or revise forward-looking
statements.
About TELUS
TELUS (TSX: T, NYSE: TU) is a dynamic, world-leading
communications technology company with more than $20 billion in annual revenue and over 19 million
customer connections spanning wireless, data, IP, voice,
television, entertainment, video, and security. Our social purpose
is to leverage our global-leading technology and compassion to
drive social change and enable remarkable human outcomes. Our
longstanding commitment to putting our customers first fuels every
aspect of our business, making us a distinct leader in customer
service excellence and loyalty. The numerous, sustained accolades
TELUS has earned over the years from independent, industry-leading
network insight firms showcase the strength and speed of TELUS'
global-leading networks, reinforcing our commitment to provide
Canadians with access to superior technology that connects us to
the people, resources and information that make our lives
better.
Operating in 32 countries around the world, TELUS Digital
Experience (TSX and NYSE: TIXT) is a leading digital customer
experience innovator that designs, builds, and delivers
next-generation solutions, including AI and content moderation, for
global and disruptive brands across strategic industry verticals,
including tech and games, communications and media, eCommerce and
fintech, banking, financial services and insurance, healthcare, and
others.
TELUS Health is a global healthcare leader, which provides
employee and family primary and preventive healthcare and wellbeing
solutions. Our TELUS team, along with our 100,000 health
professionals, are leveraging the combination of TELUS' strong
digital and data analytics capabilities with our unsurpassed client
service to dramatically improve remedial, preventive and mental
health outcomes covering over 75 million lives, and growing, around
the world. As the largest provider of digital solutions and digital
insights of its kind, TELUS Agriculture & Consumer Goods
enables efficient and sustainable production from seed to store,
helping improve the safety and quality of food and other goods in a
way that is traceable to end consumers.
Driven by our determination and vision to connect all citizens
for good, our deeply meaningful and enduring philosophy to give
where we live has inspired TELUS and our team to contribute
$1.7 billion, including 2.2 million
days of service since 2000. This unprecedented generosity and
unparalleled volunteerism have made TELUS the most giving company
in the world. Together, let's make the future friendly.
For more information about TELUS, please visit telus.com, follow
us at @TELUSNews on X and @Darren_Entwistle on Instagram
Investor Relations
Bill
Zhang
(778) 917-3811
ir@telus.com
Media Relations
Steve Beisswanger
(514) 865-2787
Steve.Beisswanger@telus.com
SOURCE TELUS Corporation
