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CenturyLink to offer fixed-rate senior notes

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CenturyLink to offer fixed-rate senior notes

CenturyLink Inc. plans to offer $750 million of fixed-rate seven-year unsecured senior notes in a proposed private offering.

The company plans to use the net proceeds, together with cash on hand, to redeem all $850 million of outstanding 6.875% senior notes due 2033 issued by its wholly owned subsidiary, Qwest Corp.