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TELUS Corporation’s USD1.5 billion hybrid notes offering and concurrent tender offers

TELUS Corporation’s USD1.5 billion hybrid notes offering and concurrent tender offers

A&O Shearman represented the underwriters in connection with TELUS Corporation’s registered public offering of USD1.5bn hybrid notes and concurrent abbreviated cash tender offers to purchase two series of its outstanding debt securities. This was TELUS’s inaugural offering of hybrid debt securities in the United States.

TELUS concurrently but separately offered to purchase for cash eight series of its CAD-denominated notes from holders outside of the United States. Proceeds from the hybrid notes offering were used to finance the tender offers.

TELUS is a dynamic, world-leading communications technology company with more than USD20bn in annual revenue and over 19 million customer connections spanning wireless, data, intellectual property, voice, television, entertainment, video and security.

The A&O Shearman team was led by partners Ryan Robski (Capital Markets, Toronto/New York) and Harald Halbhuber (Capital Markets, Toronto) and associates Kaz Watanabe (Capital Markets, New York) and Jake Schmitz (Capital Markets, New York). 

Support was provided by partners Larry Crouch (Tax, Silicon Valley) and Jennifer Morton (Financial Services Regulatory, New York) and associates Daniel Kachmar (Tax, Washington, DC), Taylor Pugliese (Financial Services Regulatory, New York) and Ryan Sedwick (Tax, New York).

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