TELUS completes redemption of 3.75% Notes, Series CV due March 10, 2026

Core Viewpoint - TELUS Corporation successfully completed the redemption of C$600 million 3.75% Notes, demonstrating its commitment to balance sheet management and financial stability [1][2]. Group 1: Financial Management - The redemption was funded through proceeds from TELUS' December 2025 offering of Fixed-to-Fixed Rate Junior Subordinated Notes, which raised C$2.9 billion for debt repayment [1]. - TELUS has undertaken a broader balance sheet management initiative, including the early redemption of seven series of discounted notes totaling C$1.0 billion [2]. - The company aims to reduce its net debt to adjusted EBITDA ratio to approximately 3.3 times or lower by year-end 2026 and around 3.0 times by the end of 2027 [3]. Group 2: Strategic Priorities - The company's proactive management of its debt maturity profile is intended to create greater financial flexibility to support capital allocation priorities and enhance long-term shareholder value [2]. - TELUS is committed to a deleveraging trajectory that is progressing ahead of plan, with a projected net debt to adjusted EBITDA of approximately 3.4 times for 2025 [3].