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Qwest to redeem $825 million 7 7/8% notes with new notes proceeds
By Toni Weeks
San Diego, May 31 - Qwest Corp. intends to use proceeds from a planned notes offering together with any necessary borrowings from parent company CenturyLink, Inc. to redeem its $825 million of 7 7/8% notes due Sept. 1, 2011 prior to maturity and to pay all related fees and expenses, according to a 424B5 filing with the Securities and Exchange Commission.
The company may initially invest the net proceeds from the new notes in short-term investment-grade, interest-bearing securities.
The communications company is based in Monroe, La.
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