Senior Notes

TELUS Corporation has finalized pricing for its cash tender offers to repurchase outstanding notes. This strategic debt management move specifies terms for various series of senior notes maturing between 2030 and 2051. The company expects to settle these transactions on July 3, 2025. RBC Dominion Securities Inc. and others are managing the offers.

Delek Logistics Partners, LP successfully priced a $700 million offering of 7.375% senior notes due 2033. The notes, issued by Delek Logistics and its subsidiary, will be issued at par, closing June 30, 2025, and are intended to repay outstanding borrowings. This offering targets qualified institutional buyers and non-US persons. The deal highlights investor confidence in the midstream energy sector. Delek Logistics provides transportation, storage, and marketing services.

Global Partners LP plans a private offering of $400 million in senior unsecured notes due 2033 to refinance existing debt. Proceeds will fund a cash tender offer for outstanding 2027 notes, with any remaining notes redeemed around August 1, 2025. The offering is exclusively for qualified institutional buyers and non-U.S. persons. This strategic move aims to optimize Global’s capital structure and manage its debt profile.