Qwest planning sale of $25-par senior notes; proceeds to be used for redemption of 7.5% notes

By Stephanie N. Rotondo

Phoenix, June 14 - Qwest Corp. will offer $25-par senior notes, the company said in a prospectus filed with the Securities and Exchange Commission on Thursday.

Interest will be payable quarterly, and the notes become redeemable in 2017 at par plus accrued interest.

The Monroe, La.-based telecommunications provider will apply to list the notes on the New York Stock Exchange.

Bank of America Merrill Lynch, Morgan Stanley & Co. Inc., UBS Securities LLC and Wells Fargo Securities LLC are the joint bookrunners. Joint lead managers are Raymond James & Associates Inc. and RBC Capital Markets LLC.

Proceeds will be used with available cash and additional borrowings from parent company CenturyLink Inc. to redeem $484 million of 7.5% notes due 2051.

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