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Published on 1/16/2020 in the Prospect News Bank Loan Daily, Prospect News High Yield Daily and Prospect News Investment Grade Daily.

Fitch rates CenturyLink notes BB+

Fitch Ratings said it assigned a BB+/RR1 rating to CenturyLink, Inc.’s offering of $750 million of senior secured notes. Proceeds will be used to repay a portion of its senior secured credit facilities.

As of Sept. 30, and pro forma for subsequent refinancing transactions, including the current offering, CenturyLink had $550 million outstanding on its senior secured revolver and $7.041 billion outstanding on its senior secured term loans.

CenturyLink’s long-term issuer default rating is BB. The outlook is stable.


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