Telus Stock Price, News & Analysis

TELUS Corporation (NYSE:TU) has announced the pricing terms for its previously announced cash tender offers to purchase eight series of outstanding notes. The company has accepted for purchase three series of notes with the following amounts: C$694.7 million of 3.95% Senior Notes due 2050, C$421.9 million of 4.10% Senior Notes due 2051, and C$266.8 million of 4.40% Senior Notes due 2046.

The tender offers' Financing Condition has been satisfied through TELUS's recent closing of a US$1.5 billion junior subordinated notes offering. Settlement for the accepted notes is expected to occur on July 3, 2025. Holders of accepted notes will receive the Total Consideration plus accrued and unpaid interest up to the Settlement Date.

The company has retained multiple financial institutions as dealer managers, including RBC Dominion Securities, BMO Nesbitt Burns, CIBC World Markets, Scotia Capital, and TD Securities as lead dealer managers, along with several co-dealer managers for the offers.

TELUS (NYSE:TU) announced the upsizing and results of its cash tender offers for eight series of debt securities. The company has increased its Maximum Purchase Amount from the initial C$600 million to accommodate the full acceptance of tendered 3.95% Senior Notes, Series CAB due 2050 and 4.10% Senior Notes, Series CAE due 2051, plus approximately C$261.87 million of the 4.40% Senior Notes, Series CU due 2046.

A total of C$3.11 billion in aggregate principal amount of Notes were validly tendered before the June 27, 2025 expiration date. TELUS expects to accept: C$691.7 million of the 3.95% Notes due 2050, C$421.9 million of the 4.10% Notes due 2051, and C$261.9 million of the 4.40% Notes due 2046. The company will not accept any of the tendered notes from the remaining five series.

The settlement date is scheduled for July 3, 2025. The Financing Condition has been satisfied through TELUS's previously announced US$1.5 billion junior subordinated notes offering. The pricing will be determined at 11:00 a.m. Eastern time on June 30, 2025.

TELUS Corporation (NYSE:TU) has announced the results of its cash tender offers for two series of debt securities. The company accepted for purchase a combined US$318,255,000 aggregate principal amount of Notes that were validly tendered before the June 27, 2025 expiration date, with an additional US$789,000 tendered under guaranteed delivery procedures.

The tender offers included the 4.600% Notes due November 16, 2048 (US$189,405,000 accepted) and the 4.300% Notes due June 15, 2049 (US$128,850,000 accepted). The total consideration per US$1,000 principal amount is US$834.11 and US$788.18 respectively. The settlement date is set for July 3, 2025.

The company confirmed that the Maximum Purchase Amount condition of US$750,000,000 has been satisfied, and all validly tendered Notes have been accepted for purchase. The financing condition was met through TELUS's recent closing of US$1.5 billion junior subordinated notes offering.

TELUS (NYSE:TU) has announced the pricing terms for its cash tender offers to purchase up to US$750 million of two series of outstanding notes. The offers target the 4.600% Notes due November 2048 and 4.300% Notes due June 2049.

The Total Consideration for the 2048 Notes is US$834.11 per US$1,000 principal amount, while the 2049 Notes are priced at US$788.18. The offers will expire at 5:00 p.m. ET on June 27, 2025, with settlement expected on July 3, 2025.

The tender offers are subject to several conditions, including a Maximum Purchase Amount of US$750 million and a Financing Condition requiring TELUS to raise sufficient funds through debt issuance.

TELUS (NYSE:TU) has successfully closed its previously announced US$1.5 billion offering of Fixed-to-Fixed Rate Junior Subordinated Notes in two series. The offering was led by a syndicate of underwriters including J.P Morgan Securities, RBC Capital Markets, and Wells Fargo Securities.

The net proceeds will be used to fund TELUS' previously announced tender offers. Any remaining proceeds will be allocated to debt repayment, including commercial paper, and general corporate purposes. The Notes were not offered in Canada except in transactions exempt from prospectus requirements.

["Successfully secured US$1.5 billion in financing through subordinated notes offering", "Potential debt restructuring through tender offers and commercial paper repayment"]

TELUS (NYSE:TU) has announced the pricing of a US$1.5 billion junior subordinated notes offering in two series. The first series consists of US$700 million notes due 2055 with an initial interest rate of 6.625%, while the second series comprises US$800 million notes due 2055 with an initial interest rate of 7.000%.

The offering, led by J.P Morgan Securities, RBC Capital Markets, and Wells Fargo Securities, is expected to close around June 27, 2025. The proceeds will fund previously announced tender offers and debt repayment. Credit rating agencies have assigned 50% equity credit to the Notes.

TELUS Corporation announced cash tender offers to purchase up to C$600 million of its outstanding senior notes across eight different series. The tender offers will expire on June 27, 2025, with settlement expected on July 3, 2025. The purchase price for each series will be determined based on a fixed spread plus the yield of the corresponding Canadian reference security. The offers are subject to various conditions, including a Financing Condition requiring TELUS to raise sufficient funds through debt issuance. Holders whose notes are accepted will receive the Total Consideration plus accrued interest. RBC, BMO, CIBC, Scotia, and TD Securities have been appointed as lead dealer managers for the offers.

TELUS Corporation announced cash tender offers to purchase up to US$750 million aggregate principal amount of two series of outstanding notes. The offers target the 4.600% Notes due November 2048 (US$750M outstanding) and 4.300% Notes due June 2049 (US$500M outstanding). The tender offers will expire on June 27, 2025, at 5:00 PM ET, with settlement expected on July 3, 2025. Holders will receive the Total Consideration based on Treasury yields plus fixed spreads of +110 and +115 basis points respectively, along with accrued interest. The offers are subject to a Maximum Purchase Condition and Financing Condition, requiring TELUS to raise sufficient debt funding by the settlement date.

TELUS (TU) has announced an $800 million re-opening of two junior subordinated note series with 30-year maturities. The Series CAR notes, priced at $102.625 per $100 principal, offer a 6.25% interest rate with a re-opening yield of 5.612% until July 2030, while Series CAS notes, priced at $104.500 per $100 principal, provide a 6.75% interest rate with a re-opening yield of 6.127% until July 2035. Both series mature on July 21, 2055, with interest rates resetting every five years but maintaining minimum rates of 6.25% and 6.75% respectively. The proceeds will be used to reduce outstanding debt, including commercial paper, and for general corporate purposes. Credit rating agencies have assigned 50% equity credit to these notes.