Toronto and Vancouver advises TELUS Corporation on C$1.5bn equity offering

Canada | April 23, 2020

Client: TELUS Corporation

Our Toronto and Vancouver offices advised TELUS Corporation (“TELUS” or the “Company”) on a bought deal offering (the “offering”) of common shares (the “common shares”) announced on February 19, 2020, including the full exercise of the over-allotment option (the “over-allotment option”). The transaction closed on February 26, 2020. 

The syndicate of underwriters fully exercised the over-allotment option to purchase an additional 3,750,000 common shares at the offering price of C$52.00 per common share. Including the exercise of the over-allotment option, the Company sold an aggregate of 28,750,000 common shares for total gross proceeds of C$1.495bn.

The team included Pierre Dagenais, Trevor Zeyl, Jennifer McPherson, Sean Williamson, Victoria Riley, and Monica Wong (corporate and securities), Adrienne Oliver and Riley Burr (tax).