TELUS Corp. completes US$500M and C$325M debt offerings

On March 6, 2017, TELUS Corp. completed an offering of US$500 million of senior unsecured 3.70-per-cent 10-year notes, maturing on September 15, 2027 (the US Notes), as well as an offering of C$325 million of senior unsecured 4.70-per-cent 31-year notes, maturing March 6, 2048 (the Canadian Notes). The US Notes were offered through a syndicate of underwriters led by Merrill Lynch, Pierce, Fenner & Smith Incorporated, RBC Capital Markets, LLC, BMO Capital Markets Corp., and CIBC World Markets Corp. The Canadian Notes were offered through a syndicate of agents led by CIBC Capital Markets, BMO Nesbitt Burns and RBC Capital Markets.

TELUS was represented in-house by Monique Mercier, Executive Vice-President, Corporate Affairs and Chief Legal & Governance Officer, Christopher Main, Associate General Counsel and Assistant Corporate Secretary, Dennis Wong, Associate General Counsel, and Sena Byun, Senior Counsel;  and in Canada by Norton Rose Fulbright Canada LLP with a team that included Pierre Dagenais, Seemal Patel, Jenny Yoo and Victoria Riley (corporate and securities) and Adrienne Oliver and Michael Wong (tax). Paul, Weiss, Rifkind, Wharton & Garrison LLP represented TELUS in the US with a team that included Andrew Foley, Christian Kurtz, Dave Marshall and Ronnie Ollo (corporate and securities), and David Sicular and Zachary King (tax).

The syndicates for the offerings were represented in Canada and in the US by Osler, Hoskin & Harcourt LLP with a team that included Michael Innes, Rosalind Hunter and Daniel Fombonne (Canadian corporate and securities), Rob Lando, Jason Comerford, Amma Anaman and Jillian Mulroy (US securities), Tim Hughes (Canadian tax) and Bill Corcoran (US tax).