Telus

The Underwriters in Telus’ $1.5 billion equity raise

Client

The Underwriters

Value

$1.5 billion

Service

Capital Markets

Date Closed

February 2020

Lead Office

Toronto

 

On February 20, 2020, Telus Corp. announced its intention to raise $1.5 billion through a sale of shares led by RBC Capital Markets and TD Securities. The funds will be used to finance growth opportunities, capital expenditures and reduce indebtedness.

Telus Corp. is a Canadian telecommunications company specialized in providing telecommunications products and services including access to internet, voice, entertainment, healthcare and video.

Osler, Hoskin & Harcourt LLP advised the underwriters with a team consisting of Michael Innes, Jason Comerford, Jie Chai, Kevin Feng, Kelsey Weiner (Corporate) and Tim Hughes (Taxation).