CenturyLink sets investor call for $500 million seven-year bullet deal; pricing expected Monday

By Paul A. Harris

Portland, Ore., March 18 - CenturyLink, Inc. plans to host an investor conference call at 12:30 p.m. ET Monday to discuss its $500 million offering of non-callable even-year senior notes (existing ratings Ba2/BB/BB+), according to a market source.

The deal is expected to price Monday.

Joint physical bookrunner J.P. Morgan Securities LLC will bill and deliver. Barclays is also a joint physical bookrunner. Citigroup Global Markets Inc. and SunTrust Robinson Humphrey Inc. are joint bookrunners.

Mitsubishi, Mizuho and U.S. Bancorp are the co-managers.

The notes have been registered with the Securities and Exchange Commission.

The Monroe, La., wireline telecommunications services provider plans to use the proceeds to refinance amounts outstanding under its revolver.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.