Telus 2014 Annual Report Download - page 34

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34
Prior Sales
On April 1, 2014, under a short form base shelf prospectus filed on November 15, 2013
with securities regulatory authorities in Canada and the United States, TELUS
completed two debt offerings: 1) a $500,000,000 debt offering consisting of 3.20%
Notes, Series CO due April 5, 2021, and 2) a $500,000,000 debt offering consisting of
4.85% Notes, Series CP due April 5, 2044.
On September 10, 2014, under a short form base shelf prospectus filed on November
15, 2013 with securities regulatory authorities in Canada and the United States, TELUS
completed two additional debt offerings: 3) $800,000,000 debt offering consisting of
3.75% Notes, Series CQ due January 17, 2025, and 4) a $400,000,000 debt offering of
4.75% Notes, Series CR due January 17, 2045.
Certain terms of the offerings above are detailed in the following table:
Security Notes due 2021 Notes due 2044 Notes due
2025
Notes due
2045
Size of
Offering
$500,000,000 $500,000,000 $800,000,000 $400,000,000
Maturity
Date
April 5, 2021 April 5, 2044 January 17,
2025
January 17,
2045
Net
Proceeds
of Issue
$496,845,000 $496,870,000 $795,000,000 $395,164,000
Public
Offering
Price
$997.39 $998.74 $997.75 $992.91
Application
of
Proceeds
The net proceeds
used (a) to repay
a portion of the
approximately
$914 million of
indebtedness to
be drawn from
the 2011 Credit
Facility on April 2,
2014 to fund
a portion of the
purchase price of
the 700 MHz
Spectrum
Licences, and (b)
for general
corporate
purposes.
The net proceeds
used (a) to repay
a portion of the
approximately
$914 million of
indebtedness to
be drawn from
the 2011 Credit
Facility on April 2,
2014 to fund
a portion of the
purchase price of
the 700 MHz
Spectrum
Licences, and (b)
for general
corporate
purposes.
The net
proceeds used
to repay
indebtedness
consisting of
(a) advances
on the 2014
Credit Facility
and
commercial
paper issued
to fund a
portion of the
redemption of
the Company’s
$500 million
Series CE
Notes, and (b)
other
outstanding
commercial
paper, which
was originally
The net
proceeds will be
used to repay
indebtedness
consisting of (a)
advances on
the 2014 Credit
Facility and
commercial
paper issued to
fund a portion
of the
redemption of
the Company’s
$500 million
Series CE
Notes, and (b)
other
outstanding
commercial
paper, which
was originally
incurred for