TELUS Successfully Completes $1.5 Billion Junior Subordinated Notes Offering

TELUS Corporation, a leading communications technology company, has announced the successful closure of its offering of junior subordinated notes, amounting to a significant $1.5 billion. This strategic move underscores TELUS's robust approach to financing its growth while managing debt effectively.

The offering, which involved Fixed-to-Fixed Rate Junior Subordinated Notes, was conducted through a syndicate of prominent underwriters, including J.P. Morgan Securities LLC, RBC Capital Markets, LLC, and Wells Fargo Securities, LLC. This collaboration with respected financial institutions highlights the confidence placed in TELUS's financial stability and growth potential.

The funds raised from this offering are primarily earmarked for existing tender offers as previously disclosed by the company. Should any of these tender offers remain unexecuted or if not all net proceeds are applied towards them, TELUS plans to utilize the remaining funds for debt repayment and other general corporate purposes. This proactive strategy is aimed at fortifying TELUS’s balance sheet and enhancing its operational flexibility.

It's essential to note that the securities issued through this offering have not received approval from regulatory bodies in Canada or the United States, ensuring that the offering adheres strictly to applicable regulations. Investors are encouraged to consult the short form prospectus and associated documents available through the U.S. Securities and Exchange Commission's EDGAR system, prior to making investment decisions.

Additionally, the company has made it clear that the junior subordinated notes were not issued in Canada or to Canadian residents, except in transactions that comply with Canadian securities exemption rules. This essential detail reflects TELUS's commitment to legal compliance and regulatory integrity in its financial dealings.

As it moves forward, TELUS emphasizes its dedication to maintaining transparency with its investors and stakeholders. It is crucial for potential investors to understand that future events regarding this offering are subject to inherent risks, including fluctuations in conditions within the capital and debt markets. Wildcard factors could lead to significant divergences between expected and actual results.

TELUS is revered not just for its financial undertakings but also for its strong community focus, boasting a longstanding commitment to corporate social responsibility. The company has made notable contributions to various sectors, resulting in its recognition as one of the most charitable organizations globally. With annual revenues surpassing C$20 billion and customer connections exceeding 20 million, TELUS exemplifies growth aligned with community values and customer care.

In the broader context, TELUS continues to act as a technological vanguard, expanding across over 45 countries and leveraging its advanced broadband services in connecting communities and businesses. The firm remains at the forefront of innovations in health and agriculture, ensuring a positive impact on millions of lives worldwide.

For further information, stakeholders can seek out TELUS's latest public disclosures on platforms like SEDAR+ and EDGAR. The company is steadfast in its mission to optimize communication technologies, ensuring they deliver value not just to shareholders but society at large. As TELUS is poised for further developments in its financial and operational strategies, stakeholders are advised to monitor upcoming announcements and continue their engagement with the company’s growth narratives.