Telus to use credit facilities to help fund Lionbridge AI acquisition

By Taylor Fox

New York, Nov. 6 – Telus Corp. plans to fund its acquisition, through Telus International, of Lionbridge AI using its non-recourse credit facilities, funds from an additional equity capital contribution and funds affiliated with Baring Private Equity Asia, according to a news release.

The acquisition will be at a purchase price of C$1.2 billion consisting of debt and equity.

Closing is expected for Dec. 31.

Telus is a Vancouver, B.C.-based telecommunications company.

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