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Qwest to pay down revolving debt with some proceeds of note offering
By Wendy Van Sickle
Columbus, Ohio, Sept. 10 – Qwest Corp. plans to repay revolver debt with some proceeds of a planned offering of notes due 2055, according to a filing with the Securities and Exchange Commission.
Proceeds from the notes may also be applied to other general corporate purposes, including capital expenditures, working capital, acquisitions, pension plan contributions and redemption of equity or debt securities, the company said.
The integrated communications company is based in Monroe, La.
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