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Published on 9/25/2019 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

CenturyLink units call all 6 1/8%, 5¾% notes, some 5 3/8% notes

By Sarah Lizee

Olympia, Wash., Sept. 25 – CenturyLink, Inc. wholly owned subsidiary Level 3 Financing, Inc. issued notices to redeem all $240 million of its 6 1/8% senior notes due 2021 and $160 million of its $1 billion of 5 3/8% senior notes due 2022, according to a press release.

The notes will be redeemed on Oct. 25 at par plus accrued interest. The amount of interest for the 6 1/8% notes is $1.701 per $1,000 of notes, and the amount of interest for the 5 3/8% notes is $23.888 per $1,000 of notes.

In addition, CenturyLink announced that Level 3 Parent, LLC will be issuing a notice to redeem all $600 million of its 5¾% senior notes due 2022.

The 5¾% notes will be redeemed on Dec. 1 at par plus accrued interest of $14.375 per $1,000 of notes.

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


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