CenturyLink announces partial redemption of Level 3 Financing’s 6 1/8% notes due 2021

By Rebecca Melvin

New York, July 29 – CenturyLink, Inc. subsidiary Level 3 Financing Inc. has issued a notice to partially redeem its 6 1/8% senior notes due 2021.

The notice was issued July 26, according to a CenturyLink news release.

On Aug. 25, Level 3 will redeem $400 million of the $640 million of 6 1/8% notes outstanding.

The notes will be redeemed at 100% of par plus accrued and unpaid interest of $22.12 per $1,000 principal amount of notes.

The transaction continues CenturyLink’s focus on deleveraging and further strengthening its balance sheet to meet the objective of 2.75x -3.25x net leverage within the next three years.

Additional information regarding the redemption is available from the Bank of New York Mellon Trust Company NB.

CenturyLink is a Monroe, La.-based communications, hosting, cloud and IT services company.

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