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Reported Earlier, TELUS Announces $700M Senior Unsecured Notes Offering With 4.65% Yield, Set To Mature In 2031

Author: Benzinga Newsdesk | August 09, 2024 02:43am

The net proceeds of this offering will be used for the repayment of outstanding indebtedness, including the repayment of commercial paper (incurred for general working capital purposes) and the reduction of cash amounts outstanding under an arm's length securitization trust under which an affiliate of TELUS is able to borrow against certain trade receivables and unbilled customer finance receivables (incurred for general working capital purposes), and for other general corporate purposes. 

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