CenturyLink Inc Prices $1.0 Billion Of Debt Securities
CenturyLink Inc announced that it agreed to sell $1.0 billion of newly-issued unsecured seven-year senior notes. The senior notes due 2020 were priced at par with a coupon of 5.625%. The closing of this offering is expected to occur on March 21, 2013. CenturyLink expects to use the net proceeds from this offering to repay a portion of the indebtedness outstanding under its $2 billion revolving credit facility, to repay its senior notes maturing on April 1, 2013 and for other general corporate purposes. J.P. Morgan Securities LLC and Barclays Capital Inc. are the joint physical book-running managers for this offering.
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