TELUS launches Canadian debt offering
June 26 2019 - 8:44AM
TELUS Corporation (the “Company”) announced today that it has
commenced an offering of senior unsecured notes with a 7-year
maturity (the “notes”). The notes are being offered through a
syndicate of agents led by BMO Nesbitt Burns Inc., CIBC World
Markets Inc. and Scotia Capital Inc.
As previously announced on May 31, 2019, TELUS gave
notice of a partial redemption on July 23, 2019 of $650 million of
its outstanding $1 billion 5.05% Notes due July 23, 2020 (the
“Series CH Notes”). The net proceeds will be used to redeem early
the remaining $350 million of outstanding Series CH Notes not
subject to the May 31, 2019 partial redemption, for the repayment
of outstanding commercial paper and for general corporate purposes.
TELUS would only become obligated to complete a redemption of this
$350 million of Series CH Notes if and when it gives notice of
redemption in accordance with the governing trust indenture.
TELUS will be filing a prospectus supplement to its
short form base shelf prospectus dated May 17, 2018 with securities
regulatory authorities in each of the provinces of Canada. The
notes are not being offered in the United States or to any resident
of the United States.
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.
Copies of the short form base shelf prospectus and
the prospectus supplement relating to the offering of the notes
filed with securities regulatory authorities in British Columbia,
Canada and the United States may be obtained from the Chief Legal
and Governance Officer of TELUS at 510 W. Georgia St., 23rd Floor,
Vancouver, British Columbia V6B 0M3 (telephone 604-695-6420).
Copies of these documents are also available electronically, as
applicable, on the System for Electronic Document Analysis and
Retrieval of the Canadian Securities Administrators (“SEDAR”), at
www.sedar.com.
Forward-Looking StatementsThis
news release contains statements about future events, including the
anticipated pricing of the offering and closing date of the
offering, and the intended use of the net proceeds of the offering,
including the proposed redemption of the Series CH Notes, that are
forward-looking. By their nature, forward-looking statements
require us to make assumptions and predictions and are subject to
inherent risks and uncertainties. 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 qualified by the
assumptions, qualifications and risk factors referred to in our
2018 annual and first quarter of 2019 management’s discussion and
analysis, and in other TELUS public disclosure documents and
filings with securities commissions in Canada (on SEDAR at
sedar.com) 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 TELUSTELUS (TSX: T, NYSE:
TU) is one of Canada’s largest telecommunications companies, with
C$14.5 billion of annual revenue and 14.0 million subscriber
connections, including 9.7 million wireless subscribers, 1.9
million Internet subscribers, 1.2 million residential voice and 1.1
million TELUS TV customers. TELUS provides a wide range of
communications products and services, including wireless, data,
Internet protocol (IP), voice, television, entertainment, video and
home and business security. TELUS is also Canada's largest
healthcare IT provider, and TELUS International delivers customer
care and business services around the globe.
For more information about TELUS, please visit
telus.com.
For more information, please
contact:
Ian McMillan TELUS Investor Relations(604)
695-4539ir@TELUS.com
TELUS Media RelationsFrancois
Gaboury438-862-5136Francois.Gaboury@telus.com
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