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Qwest to redeem $125 million of 7.5% notes due 2051 on May 9
New York, April 25 – Qwest Corp. will redeem $125 million principal amount of its 7.5% notes due 2051 on May 9, according to a notice from the issuer.
The redemption will cover 5 million units of the $25-par securities.
Holders will receive par plus accrued interest.
Qwest announced the planned redemption on April 18 when it said it would repay its $500 million of 6.5% notes due June 1, 2017, with the call date subsequently set for May 4, and its $288.5 million principal amount of the 2051 notes.
To fund the redemptions, Qwest announced and priced an upsized $575 million offering of 6.75% $25-par notes due 2057.
Qwest is a Denver-based telecommunications carrier and unit of CenturyLink Inc.
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