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TELUS closes its US$ and CAD$ junior subordinated notes offerings, raising CAD$2.9 billion to support balance sheet deleveraging
TELUS closes its US$ and CAD$ junior subordinated notes offerings, raising CAD$2.9 billion to sup...
About this update from Telus Corporation
[{"type":"text","content":"TELUS closes its US$ and CAD$ junior subordinated notes offerings, raising CAD$2.9 billion to support balance sheet deleveraging\n\n\nTELUS closes its US$ and CAD$ junior subordinated notes offerings, raising CAD$2.9 billion to support balance sheet deleveraging\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; BORDER-TOP:black 1pt; BORDER-RIGHT:black 1pt; BORDER-BOTTOM:black 1pt; BORDER-LEFT:black 1pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n\n\n\n\n\nCanada NewsWire\n\n\nVANCOUVER, B.C., Dec. 9, 2025 /CNW/ - TELUS announced today it has successfully closed its previously announced offering of US$1.5 billion aggregate principal amount of Fixed-to-Fixed Rate Junior Subordinated Notes in two series (together, the \"US Notes\"). The US Notes were offered through a syndicate of underwriters led by CIBC Capital Markets, BMO Capital Markets, TD Securities and Wells Fargo Securities. TELUS also announced today it has successfully closed its previously announced offering of CAD$800 million aggregate principal amount of Fixed-to-Fixed Rate Junior Subordinated Notes in two series (together, the \"Canadian Notes\"). The Canadian Notes were offered through a syndicate of agents led by CIBC Capital Markets, BMO Capital Markets and TD Securities.\n\"Our successful cross currency hybrid note offerings reinforce our proactive approach to capital management and commitment to deleveraging, while maintaining the financial flexibility to support our capital allocation priorities,\" said Darren Entwistle, President and CEO. \"Our significant progress in deleveraging is complemented by our strong financial momentum, including our confidence in delivering free cash flow at a compounded annual growth rate of minimum 10 per cent through 2028. This positive outlook provides a sustainable foundation to continue paying the dividend at its nominal level and support our clearly defined plan to advance and systematically step down the Discounted DRIP beginning in the first quarter...