Shearman And Sterling

News December 20, 2022

TELUS International $2 Billion Financing for Acquisition of WillowTree

Shearman & Sterling advised TELUS International, as New York and German finance counsel, in connection with $2 billion financing agented by The Bank of Nova Scotia. The financing, for TELUS International Holding (U.S.A.) and TELUS International (Cda), consisted of an $800 million revolving credit facility and a $1.2 billion term loan facility. Proceeds of the financing will be used to refinance existing debt and to finance a portion of the purchase price for TELUS International’s acquisition of WillowTree.

Headquartered in Vancouver, Canada, and operating in 30 countries around the world, TELUS International is a leading digital customer experience innovator that designs, builds, and delivers next-generation solutions, including AI and content moderation, for global and disruptive brands across high-growth industry verticals, including tech, games, communications, media, eCommerce and fintech.

Headquartered in Charlottesville, Virginia, WillowTree operates 13 global studios across the United States, Canada, Brazil, Portugal, Spain, Poland and Romania. The company’s more than 1,000 digital strategists, designers, engineers and project managers partner with iconic brands on mission critical, large-scale initiatives, delivering digital products.

The Shearman & Sterling team below was supported by associate Christina Simpson.

The Team