August 13, 2010 / 1:40 PM / 9 years ago

UPDATE 1-Qwest extends offer for $1.265 bln debt

* Tender offer extended to Aug 26 from Aug 12

NEW YORK, Aug 13 (Reuters) - Qwest Communications Q.N said on Friday that it extended an offer to purchase its $1.265 billion outstanding 3.50 percent convertible senior notes due 2025 to August 26 from August 12.

Qwest, which agreed to be bought by another telephone operator CenturyLink (CTL.N), had announced the pricing of the offer earlier this week.

At the end of the second quarter Qwest had $11.3 billion debt. It had announced plans to reduce its debt by $3.5 billion through the first quarter of 2011. (Reporting by Sinead Carew; Editing by Derek Caney)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below