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Lumen subsidiary Qwest to redeem $775 million notes due 2053
By Taylor Fox
New York, Nov. 30 – Lumen Technologies wholly owned subsidiary Qwest Corp. plans to redeem all $775 million aggregate principal amount of its 2053 notes, according to a news release.
The notes will be redeemed at par plus interest on Dec. 14.
The redemption will be funded using proceeds from Lumen’s private offering of $1 billion 4½% senior notes due 2029.
Lumen is an enterprise technology platform based in Denison, Tex.
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