17 Dec 2025

A&O Shearman Advises Underwriters on TELUS Corporation's US$1.5 Billion Hybrid Notes Offering

"A&O Shearman represented the underwriters in TELUS Corporation's registered public offering of US$1.5 billion of hybrid notes. TELUS concurrently completed a CAD800 million Canadian hybrid offering and tender offers to purchase seven series of CAD-denominated notes from non‑U.S. holders; proceeds funded the tenders. This was TELUS’s second U.S. hybrid offering following June 2025."

A&O Shearman represented the underwriters in connection with TELUS Corporation’s registered public offering of US$1.5 billion of hybrid notes. The offering constituted TELUS’s second issuance of hybrid debt securities in the United States, following an earlier offering in June 2025. TELUS concurrently, but separately, completed a CAD800 million Canadian public offering of hybrid notes and also offered to purchase for cash seven series of its CAD‑denominated notes from holders outside the United States. Proceeds from both hybrid notes offerings were used to finance the related tender offers. TELUS is a global communications technology company with more than US$20 billion in annual revenue and over 19 million customer connections across wireless, data, intellectual property, voice, television, entertainment, video and security. A&O Shearman represented the underwriters with a team composed by: Partners Ryan Robski (Toronto/New York, Capital Markets) and Harald Halbhuber (New York, Capital Markets); Associates Youssef Aziz (Toronto, Capital Markets) and Colin Cantwell (New York, Capital Markets). Support was provided by Partners Larry Crouch (Silicon Valley, Tax) and Jennifer Morton (New York, Financial Services Regulatory) and Associates Daniel Kachmar (Washington, DC, Tax), Taylor Pugliese (New York, Financial Services Regulatory), Kazumasa Watanabe (New York, Capital Markets), Dominic Petric (New York, Financial Services Regulatory) and Ryan Sedwick (New York, Tax).
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