trending Market Intelligence /marketintelligence/en/news-insights/trending/OYPHxF_DIWutP0Ben_RKMw2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

CenturyLink prices $1.25B offering of senior notes

PODCAST

Episode 5: The Future of Work - The World of Workforce Experience and Productivity

Blog

Needham & Company is Now Available in the S&P Global Market Intelligence Aftermarket Research Collection

Blog

European subscription OTT video 5-year outlook

Blog

Broadcast deal market recap 2020 – relatively good results in a challenging year


CenturyLink prices $1.25B offering of senior notes

CenturyLink Inc. agreed to sell $1.25 billion of its newly issued unsecured 5.125% senior notes due 2026.

The 2026 notes were priced to investors at par and will mature on Dec. 15, 2026. The offering is expected to close on Dec. 16, subject to the satisfaction or waiver of customary closing conditions, the company said Dec. 9.

The planned sale is in accordance with the offering of $750 million of fixed-rate seven-year unsecured senior notes announced on the same day.

CenturyLink intends to use the net proceeds from the offering to redeem all of Qwest Corp.'s $850 million outstanding aggregate principal amount of 6.875% senior notes due 2033, as well as all of Qwest's $250 million outstanding aggregate principal amount of 7.125% senior notes due 2043. Part of the net proceeds may also be used for general corporate purposes.

Qwest is a wholly owned subsidiary of CenturyLink.