Junior Subordinated Notes

Search documents
TELUS Announces Upsizing and Results of its Cash Tender Offers for Eight Series of Debt Securities
Prnewswire· 2025-06-30 12:00
VANCOUVER, BC, June 30, 2025 /PRNewswire/ - TELUS Corporation (the "Company") today announced (i) the release of the results of its previously announced separate offers (the "Offers") to purchase for cash up to the Maximum Purchase Amount (as defined below) of its outstanding notes of the series listed in the table below (collectively, the "Notes"), and (ii) that it has amended the Offers by increasing the Maximum Purchase Amount from C$600,000,000 to an amount sufficient to accept all tendered 3.95% Senior ...
TELUS closes its US$ junior subordinated notes offering
Prnewswire· 2025-06-27 16:17
Core Viewpoint - TELUS has successfully closed an offering of US$1.5 billion in Fixed-to-Fixed Rate Junior Subordinated Notes to fund its tender offers and other corporate purposes [1][2] Group 1: Offering Details - The offering consists of two series of Notes, with a total principal amount of US$1.5 billion [1] - The underwriters for the offering include J.P Morgan Securities LLC, RBC Capital Markets, LLC, and Wells Fargo Securities, LLC [1] Group 2: Use of Proceeds - The net proceeds from the offering will primarily be used to fund TELUS' previously announced tender offers [2] - If any tender offer is not completed, the remaining proceeds will be allocated for debt repayment and other general corporate purposes [2] Group 3: Company Overview - TELUS operates in over 45 countries and generates more than C$20 billion in annual revenue, serving over 20 million customer connections [7] - The company is focused on leveraging technology for positive human outcomes and is recognized for its commitment to client service excellence and social capitalism [7] - TELUS Health impacts over 150 million lives globally through innovative health technologies, while TELUS Agriculture & Consumer Goods enhances connections between producers and consumers using digital technologies [7]
Dentsply Sirona Prices Offering of $550 million of Junior Subordinated Notes
GlobeNewswire News Room· 2025-06-05 21:35
CHARLOTTE, N.C., June 05, 2025 (GLOBE NEWSWIRE) -- DENTSPLY SIRONA Inc. (“Dentsply Sirona” or the “Company”) (Nasdaq: XRAY) today announced it has priced an offering (the “Offering”) of $550 million aggregate principal amount of its 8.375% Junior Subordinated Notes due 2055 (the “notes”). The Offering is expected to close on June 12, 2025, subject to customary closing conditions. The notes will bear interest at a fixed rate of 8.375% per year until September 12, 2030 (the “First Reset Date”). On and after t ...
TELUS ANNOUNCES INAUGURAL JUNIOR SUBORDINATED NOTE OFFERING
Prnewswire· 2025-04-16 03:22
Core Viewpoint - TELUS has priced $1.6 billion of fixed-to-fixed rate junior subordinated notes in two series, with a maturity of 30.25 years, expected to close around April 21, 2025 [1] Group 1: Notes Details - The 6.25% fixed-to-fixed rate junior subordinated notes, Series CAR, priced at $99.965 per $100 principal amount, with an initial effective yield of 6.25% per annum until July 21, 2030, maturing on July 21, 2055 [2] - The 6.75% fixed-to-fixed rate junior subordinated notes, Series CAS, priced at $99.959 per $100 principal amount, with an initial effective yield of 6.75% per annum until July 21, 2035, maturing on July 21, 2055 [3] Group 2: Use of Proceeds - The net proceeds from the offering will be used for repayment of outstanding indebtedness, including commercial paper, reduction of cash amounts under the receivables trust, repayment of TELUS Corporation credit facility amounts, and other general corporate purposes [4] Group 3: Credit Ratings - Credit rating agencies have assigned 50% equity credit to the notes issued by TELUS [5] Group 4: Company Overview - TELUS is a leading communications technology company generating over $20 billion in annual revenue with more than 20 million customer connections [10]