TELUS International (Cda) Inc. completes a US$330 million secured bank financing

Counsel to TELUS International (Cda) Inc. in relation to its US$330m secured bank financing in connection with TELUS Corporation's 35% equity issuance to Baring Private Equity Asia. The syndicate of Lenders was led by The Bank of Nova Scotia and The Toronto-Dominion Bank, which is secured by assets of TELUS International and its subsidiaries and is non-recourse to TELUS. Through this transaction and the incremental debt within TELUS International, TELUS received aggregate proceeds of approximately C$600m, which will be used to fund the expansion and advancement of TELUS' broadband wireline and wireless networks.