WASHINGTON (dpa-AFX) - CenturyLink Inc. (CTL) Thursday said its wholly-owned subsidiary, Qwest Corp., agreed to sell $400 million aggregate principal amount of 7.0 percent notes due 2052. The offering is expected to close on June 25.
The company intends to use the net proceeds to redeem all $484 million aggregate principal amount of Qwest's outstanding 7.50 percent notes due 2023, at a redemption price of about 100.34 percent of the principal amount thereof plus accrued and unpaid interest to the redemption date and to pay all related fees and expenses.
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