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Stock impact report

TELUS announces closing of C$1.5 billion equity offering

Telus Corporation Ordinary Shares (TU) 
Last telus corporation ordinary shares earnings: 2/13 06:45 am Check Earnings Report
US:NYSE Investor Relations: telus.com/en/about/investor-relations
Company Research Source: GlobeNewswire
VANCOUVER, British Columbia, Feb. 26, 2020 (GLOBE NEWSWIRE) -- TELUS Corporation (“TELUS” or the “Company”) (TSX-T, NYSE-TU) announced today the closing of its 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 syndicate of underwriters led by RBC Capital Markets and TD Securities Inc., together with CIBC Capital Markets, BMO Capital Markets and Scotiabank as joint bookrunners, 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$1,495,000,000. Proceeds of the Offering will be used for general corporate purposes including funding growth opportunities, capital expenditures and the reduction of indebtedne Show less Read more
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