C$700 million 4.95% five-year Notes
VANCOUVER, May 20 /CNW/ - TELUS announced today the successful closing of
its previously announced offering of C$700 million senior unsecured Notes. The
4.95% five-year Notes, Series CF mature on May 15, 2014.
The net proceeds of the offering will be used for general corporate
purposes, including to repay amounts outstanding under the 2007 Credit
Facility and outstanding commercial paper.
The offering was made pursuant to a prospectus supplement dated May 14,
2009 to TELUS' short form base shelf prospectus dated August 30, 2007 filed
with the securities regulatory authorities in Canada.
This news 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
regulatory authority, nor has any authority passed upon the accuracy or
adequacy of the short form base shelf prospectus or the prospectus supplement.
The Notes have not been and will not be registered in the United States
Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state
securities laws and may not be offered or sold in the United States or to or
for the benefit of U.S. Persons (as defined in Regulation S of the U.S.
Securities Act). This news release does not constitute an offer to sell or a
solicitation of an offer to buy any of the Notes in the United States.
TELUS (TSX: T, T.A; NYSE: TU) is a leading national telecommunications
company in Canada, with $9.7 billion of annual revenue and 11.6 million
customer connections including 6.2 million wireless subscribers, 4.2 million
wireline network access lines, and 1.2 million Internet subscribers. Led since
2000 by President and CEO, Darren Entwistle, TELUS provides a wide range of
communications products and services including data, Internet protocol (IP),
voice, entertainment and video. For more information about TELUS, please visit
Forward Looking Statements
This news 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 results
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 Management's discussion and analysis,
Annual Information Form, and in other filings with securities regulatory
authorities in Canada and the United States.
For further information:
For further information: please contact: Robert Mitchell, TELUS Investor
Relations, (416) 279-3219, email@example.com; Shawn Hall, TELUS Media Relations,
(604) 619-7913, firstname.lastname@example.org