Telus 2007 Annual Report Download - page 45

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45
MATERIAL CONTRACTS
On July 26, 2002, TCI entered into a Purchase and Servicing Agreement, which was
amended September 30, 2002, March 1, 2006, and November 30, 2006, with an arm’s-
length securitization receivables trust which enables TCI to sell an interest in certain of
its receivables up to a maximum of $650 million. This revolving period securitization had
an initial term ending July 18, 2007, and the November 30, 2006 amendment resulted in
the term being extended to July 18, 2008. TCI is required to maintain at least a BBB
(low) credit rating by Dominion Bond Rating Service (“DBRS”), or the purchaser may
require the sale program to be wound down. The necessary credit rating was exceeded
by three levels at A (low) as of March 13, 2008. The proceeds of securitized receivables
were $500 million at December 31, 2007, unchanged from one year earlier.
On March 2, 2007, TELUS entered into a replacement five year $2 billion unsecured
credit facility (the “2007 Credit Facility”) with a syndicate of 18 financial institutions. The
2007 Credit Facility replaces TELUS’ $1.6 billion previously existing credit facilities,
which consisted of an $800 million facility, which would have expired in May 2008 and
an $800 million facility, which would have expired in May 2010. The 2007 Credit Facility
may be used for general corporate purposes including the backstop of commercial
paper. The material terms of the 2007 Credit Facility are substantively the same as
under TELUS’ previous credit facilities other than reduced pricing and an extension of
the term to May 2012.
TRANSFER AGENTS AND REGISTRARS
The Company’s transfer agent and registrar is Computershare Trust Company of
Canada. Computershare maintains the Company’s registers at 600, 530 - 8th Avenue
SW, Calgary, Alberta T2P 3S8.
ADDITIONAL INFORMATION
Additional information relating to TELUS may be found on SEDAR at www.sedar.com
and EDGAR at www.sec.gov. Additional information regarding directors’ and officers’
remuneration, indebtedness and options to purchase securities, is contained in the
TELUS information circular dated March 10, 2008 for the annual and special general
meeting to be held on May 8, 2008. Additional financial information, including
supplementary quarterly financial data and the audited Consolidated financial
statements of TELUS for the year ended December 31, 2007, is set out in the 2007
Annual Report – Financial Review. All of the above information can also be found at
www.telus.com.