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TELUS engages TD Securities and Jefferies as financial advisors to support TELUS Health partnership and monetisation strategy
Prnewswire· 2026-01-08 11:45
Core Insights - TELUS Corporation is engaging TD Securities Inc. and Jefferies Securities, Inc. as financial advisors to strategize the monetization of its TELUS Health business, which serves over 160 million lives globally and has generated $1.5 billion in operating revenue year-to-date as of Q3 2025 [1][2] Group 1: TELUS Health Business Overview - TELUS Health operates in over 200 countries and territories, generating an EBITDA of $258 million and cash flow of $99 million as of Q3 2025 [1] - The company views TELUS Health as a world-class digital asset with significant growth potential, particularly in AI products and international expansion [2] Group 2: Strategic Partnerships and Monetization - The monetization strategy aims to identify a strategic partner to enhance value creation by adding complementary skills and customer reach [2] - TELUS Health is considered a key near-term monetization opportunity that aligns with TELUS' deleveraging targets, aiming for a net debt to adjusted EBITDA ratio of approximately 3.4 times in 2025, reducing to around 3.3 times by the end of 2026 [2] Group 3: Financial Performance and Future Outlook - TELUS is targeting a minimum 10% compounded annual growth rate in free cash flow through 2028, supported by a strong operational and financial performance [2] - The engagement of financial advisors is part of a disciplined capital allocation framework that has consistently defined TELUS' approach to value creation [2]
Capital Power Announces Closing of $667 Million Offering of Common Shares
Globenewswire· 2025-04-22 13:00
Core Viewpoint - Capital Power Corporation has successfully completed a bought deal offering of 11,902,500 common shares at an offering price of $43.45 per share, raising approximately $517 million in total gross proceeds [1][2]. Group 1: Public Offering Details - The public offering was initially announced on April 14, 2025, and the size was increased on April 15, 2025 [2]. - The offering included 1,552,500 common shares from the full exercise of the over-allotment option [1]. Group 2: Private Placement - Concurrently, the company issued 3,455,000 common shares to Alberta Investment Management Corporation through a private placement, generating approximately $150 million [3]. - TD Securities Inc. acted as the sole agent and bookrunner for the private placement [3]. Group 3: Use of Proceeds - The net proceeds from the offerings will primarily fund the acquisition of Hummel Station, LLC and Rolling Hills Generating, L.L.C., which own significant natural gas facilities in Pennsylvania and Ohio, respectively [4]. - The acquisition is expected to close in the third quarter of 2025, pending regulatory approvals [4]. Group 4: Future Plans - If the acquisition does not complete, the company plans to use the net proceeds for future growth opportunities, capital development expenditures, debt reduction, or other general corporate purposes [5].
Endeavour Silver Corp. Announces Full Exercise and Closing of Over-Allotment Option
Globenewswire· 2025-04-16 12:24
Core Viewpoint - Endeavour Silver Corp. successfully closed a prospectus offering, raising approximately US$50 million, which will be used to fund the acquisition of Compañia Minera Kolpa S.A. and its Huachocolpa Uno Mine [1][3]. Group 1: Offering Details - The offering closed on April 8, 2025, and included an over-allotment option exercised in full, resulting in the purchase of an additional 1,285,000 common shares at US$3.88 each, generating additional gross proceeds of US$4,985,800 [1]. - The total gross proceeds from the offering amount to approximately US$50 million [1]. Group 2: Acquisition Plans - The net proceeds from the offering will primarily fund the acquisition of all outstanding shares of Compañia Minera Kolpa S.A. for a total consideration of US$145 million [3]. - The closing of the acquisition is subject to regulatory approvals from the Toronto Stock Exchange and New York Stock Exchange, and is expected to occur within 60 days [4]. Group 3: Company Overview - Endeavour Silver Corp. is a mid-tier precious metals company focused on sustainable and responsible mining practices, with operations in Mexico and a new mine development in Jalisco State [5]. - The company also has a portfolio of exploration projects in Mexico, Chile, and the United States, aiming to become a premier senior silver producer [5].