Telus 2015 Annual Report Download - page 41

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41
MATERIAL CONTRACTS
As at December 31, 2015, TCI is a party to a three-year agreement (expiry December 31,
2016) with an arm’s-length securitization trust associated with a major Schedule I bank,
under which TCI is able to sell an interest in certain of its trade receivables up to a maximum
of $500 million. TCI is required to maintain at least a BB credit rating by DBRS Ltd. or the
securitization trust may require the sale program to be wound down. The necessary credit
rating was exceeded throughout its term.
On May 7, 2014, TELUS entered into a replacement five-year $2.25 billion unsecured
credit facility (2014 Credit Facility) with a syndicate of 15 financial institutions. The 2014
Credit Facility replaces TELUS’ previous $2 billion facility which would have matured in
the 4th quarter of 2016. The 2014 Credit Facility may be used for general corporate
purposes including the backstop of commercial paper. The material terms of the 2014
Credit Facility are substantively the same as TELUS’ previous credit facility other than
pricing, size of the facility and an extension of the term to May 2019.
INTERESTS OF MANAGEMENT AND OTHERS IN MATERIAL TRANSACTIONS
To the best of our knowledge, there were no directors or executive officers, or any
associate or affiliate of a director or executive officer with a material interest in any
transaction within the three most recently completed financial years or during the current
financial year that has materially affected or is reasonably expected to materially affect
us.
TRANSFER AGENT AND REGISTRAR
Our 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.
INTERESTS OF EXPERT
Deloitte LLP, Chartered Professional Accountants, is the auditor of the Company and is
independent within the meaning of the Rules of Professional Conduct of the Chartered
Professional Accountants of British Columbia.
ADDITIONAL INFORMATION
Additional information relating to TELUS may be found on SEDAR at sedar.com and
EDGAR at sec.gov. Additional information regarding directors’ and officers’
remuneration, and securities authorized for issuance under equity compensation plans,
will be contained in TELUS’ information circular for the annual meeting to be held on
May 5, 2016. Additional financial information is provided in the Company’s consolidated
financial statements and MD&A for the year ended December 31, 2015. All of the above
information can also be found at telus.com.