Qwest calls $500 million 6.5% notes due 2017, $288.5 million notes due 2051

By Susanna Moon

Chicago, April 18 – Qwest Corp. plans to redeem its $500 million of its 6.5% notes due June 1, 2017 and its $288.5 million principal amount of 2051 notes, according to a 424B5 filing with the Securities and Exchange Commission.

The 6.5% notes will be redeemed at par plus a make-whole premium, and the 2051 notes will be redeemed at par.

The issuer also will pay accrued interest through the redemption date.

Qwest sold an upsized $575 million of 6.75% $25-par notes due 2057 at par on April 18, as reported by Prospect News. The deal was upsized from $250 million.

Qwest is a Denver-based telecommunications carrier and unit of CenturyLink Inc.

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