CenturyLink trims loan rate to Libor plus 100-225 bps, extends to 2019

By Susanna Moon

Chicago, Dec. 5 – CenturyLink, Inc. amended its revolving credit facility, extending the term to Dec. 3, 2019 and providing additional flexibility under some of the covenants, according to an 8-K filing with the Securities and Exchange Commission.

Interest was trimmed to Libor plus 100 basis points to 225 bps, based on the company’s debt ratings.

The company entered into an amended agreement with Wells Fargo Bank, NA as administrative agent on Wednesday.

The maturity date of the facility was extended from April 6, 2017.

The facility had 16 lenders, with commitments ranging from $3.5 million to $198.5 million.

CenturyLink is a Monroe, La.-based wireline telecommunications provider.

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