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CenturyLink completes debt offering

CenturyLinkInc. on April 6 completed its $1 billion public of unsecured 7.5% senior notes,series Y, due 2024.

The notes were priced at 100% of the principal amount.CenturyLink expects to use net proceeds of about $988 million, together withadditional borrowings under its revolving credit facility and any availablecash to provide its Embarq Corp. unit with the total amount of funds requiredto fully retire at maturity all $1.18 billion of Embarq's 7.082% notes due June1, according to a Form 8-K filed April 6.