TELUS Closes $800 Million of Debt Offerings
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 11/26/13 -- TELUS
(TSX:T)(NYSE:TU) announced today it has successfully closed its
previously announced offering of $800 million in senior unsecured
notes in two tenors - $400 million of 7-year Notes with a 3.60 per
cent interest rate, Series CM, maturing on January 26, 2021 and $400
million of 30-year Notes with a 5.15 per cent interest rate, Series
CN, maturing on November 26, 2043.
The net proceeds will be used to repay outstanding commercial paper,
if regulatory approval is obtained, to fund the acquisition of 100
per cent of Public Mobile Inc. (a Canadian mobile carrier), and the
balance for other general corporate purposes.
The offering was made pursuant to a prospectus supplement dated
November 21, 2013 to TELUS' short form base shelf prospectus dated
November 15, 2013 filed with securities regulatory authorities in
Canada and 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 or U.S. 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 Canada and the United States may
be obtained from CIBC World Markets Inc., Debt Capital Markets, 161
Bay Street, 5th floor, Toronto Ontario, M5J 2S8 c/o Scott Burrows,
telephone 416-956-3049 or e-mail firstname.lastname@example.org.
Forward Looking Statements
This media release contains forward looking statements. Forward
looking statements are not based on historical facts, but rather on
current expectations, Company assumptions and projections about
future events, and are therefore subject to risks and uncertainties
which could cause actual amounts, results, performance or
achievements to differ materially from the future results expressed
or implied by the forward looking statements. Such statements are
qualified in their entirety by the inherent risks and uncertainties
surrounding future expectations. Company assumptions and risk factors
are listed from time to time in TELUS' reports, public disclosure
documents, including TELUS' Management's discussion and analysis and
Annual Information Form, and in other filings with securities
regulatory authorities in Canada and the United States. Except as
required by law, TELUS disclaims any intention or obligation to
update or revise forward-looking statements.
TELUS (TSX:T)(NYSE:TU) is a leading national telecommunications
company in Canada, with $11.3 billion of annual revenue and 13.3
million customer connections including 7.8 million wireless
subscribers, 3.3 million wireline network access lines, 1.4 million
Internet subscribers and 776,000 TELUS TV customers. Led since 2000
by President and CEO, Darren Entwistle, TELUS provides a wide range
of communications products and services including wireless, data,
Internet protocol (IP), voice, television, entertainment and video.
TELUS Investor Relations
TELUS Media Relations
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