CenturyLink to use upcoming USD 1 bln offering to pay down debt

Thursday 12 September 2019 | 09:59 CET | News
CenturyLink said its unit Level3 Financing will be selling USD 1 billion worth of 4.625 percent senior notes due 2027 in a proposed private offering that does not have to be registered under the Securities Act. 

Money raised from the offering with be used, with cash at hand, to redeem all of Level 3 Financing’s USD 240 million worth of 6.125 percent senior notes due 2021, all of Level 3 Parent’s USD 600 million worth of 5.75 percent senior notes due 2022 and other long term debt at Level 3 Financing. The offering is expected to complete on 25 September.

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Categories: General
Companies: CenturyLink
Countries: World
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