Qwest’s 6.625% $25-par senior notes due 2055 admitted to NYSE

By Stephanie N. Rotondo

Phoenix, Sept. 22 – Qwest Corp.’s $400 million of 6.625% $25-par senior notes due Sept. 15, 2055 listed on the New York Stock Exchange on Tuesday, according to a market source.

The ticker symbol is “CTZ.” The deal originally priced Sept. 10.

BofA Merrill Lynch, Morgan Stanley & Co. LLC, UBS Securities LLC and Wells Fargo Securities LLC were the joint bookrunning managers.

Interest will be payable on the 15th day of March, June, September and December, beginning Dec. 15.

The notes become redeemable Sept. 15, 2020 at par plus accrued interest.

Proceeds will be used to redeem all the company’s outstanding $250 million of 7.2% notes due 2026 and a portion of the $1 billion of 6.875% debentures due 2033.

Qwest is a Monroe, La.-based subsidiary of telecommunications company CenturyLink, Inc.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.