TSX:TTelecom
How Investors Are Reacting To TELUS (TSX:T) Capital Structure Overhaul And Pause In Dividend Growth
TELUS recently completed multi-currency debt financing, issuing US$1.50 billion and C$800.00 million of fixed-to-fixed rate junior subordinated notes due 2056, alongside a tender offer of up to C$500.00 million to repurchase several longer-dated bonds and plans to redeem its C$600.00 million 3.75% Notes due March 2026.
By pausing dividend growth while extending low-reset hybrid debt and retiring older issues, TELUS is reshaping its capital structure to prioritize free cash flow and leverage...