Qwest Corporation to sell debt securities due 2056

CenturyLink, Inc. (NYSE: CTL) wholly owned subsidiary Qwest Corporation agreed to sell USD235 million aggregate principal amount of seven percent notes due 2056, the company said.

The closing of this offering is expected to occur on January 29, 2016, subject to customary closing conditions.

Qwest intends to apply to list the notes on the New York Stock Exchange. If the application is approved, Qwest expects trading in the notes to begin within 30 days after the notes are first issued.

The company intends to use the net proceeds from this offering, together with available cash, to retire at maturity all of the USD235 million aggregate principal amount of its outstanding 83/8 percent Notes due May 1, 2016, together with accrued and unpaid interest thereon.

Merrill Lynch, Pierce, Fenner & Smith Incorporated, Morgan Stanley & Co. LLC and Wells Fargo Securities, LLC are the joint book-running managers for this offering.

CenturyLink is a global communications, hosting, cloud and IT services company enabling millions of customers to transform their businesses and their lives through innovative technology solutions.