March 18, 2013
(NYSE: CTL) announced today that it agreed to sell
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
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. The senior notes are being offered pursuant to CenturyLink's existing shelf registration statement. CenturyLink intends to file with the Securities and Exchange Commission a definitive prospectus supplement and accompanying prospectus describing the terms of this offering. When available, copies of the definitive prospectus supplement and accompanying prospectus for this offering may be obtained by calling J.P. Morgan Securities LLC collect at 212-834-4533 or Barclays Capital Inc. toll free at 888-603-5847.
This press release is neither an offer to sell nor a solicitation of an offer to buy any securities, and this offering will not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful.
CenturyLink is the third largest telecommunications company in
the United States
and is recognized as a leader in the network services market by technology industry analyst firms. The company is a global leader in cloud infrastructure and hosted IT solutions for enterprise customers. CenturyLink provides data, voice and managed services in local, national and select international markets through its high-quality advanced fiber optic network and multiple data centers for businesses and consumers. The company also offers advanced entertainment services under the CenturyLink® Prism™ TV and DIRECTV brands. Headquartered in
, CenturyLink is an S&P 500 company and is included among the Fortune 500 list of America's largest corporations. For more information, visit