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Qwest Corporation, 6.625% Notes due 9/15/2055
Ticker Symbol: CTZ* CUSIP: 74913G709 Exchange: NYSE
* NOTE: This security is no longer trading as of 10/26/2020
Security has been Called for: Monday, October 26, 2020
Oct. 13, 2020 -- Lumen Technologies (NYSE: LUMN) announced today that Qwest Corporation, its indirect, wholly-owned subsidiary ("Qwest"), issued notices to redeem the remaining $160 million outstanding aggregate principal amount of its 6.625% Notes due 2055 (the "Qwest Notes") on Oct. 9, 2020.Pursuant to these notices, on Oct. 26, 2020, the remaining $160 million outstanding principal amount of the Qwest Notes will be redeemed at par plus accrued and unpaid interest to, but excluding, the redemption date. Additional information regarding the redemption of the Qwest Notes is available from U.S. Bank National Association. Sept. 16, 2020 -- Lumen Technologies (NYSE: CTL) announced today that Qwest Corporation, its indirect, wholly-owned subsidiary ("Qwest"), completed its previously-announced partial redemption of $250 million aggregate principal amount of its 6.625% Notes due 2055 (the "Qwest Notes") on Sept. 15, 2020.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Qwest Corporation, 6.625% Notes due 2055, issued in $25 denominations, redeemable at the issuer's option on or after 9/15/2020 at $25 per note plus accrued and unpaid interest, and maturing 9/15/2055. Interest distributions of 6.625% per annum ($1.65625 per annum or $0.4140625 per quarter) will be paid quarterly on 3/15, 6/15, 9/15 & 12/15 to holders of record on the record date that will be one business day prior to the payment date while the notes remain in book-entry form (NOTE: the ex-dividend date is one business day prior to the record date). Distributions paid by these debt securities are interest and as such are NOT eligible for the preferential 15% to 20% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. Units are expected to trade flat, which means accrued interest will be reflected in the trading price and the purchasers will not pay and the sellers will not receive any accrued and unpaid interest. This security was rated as Baa3 by Moody’s and BBB- by S&P at the date of its IPO. The Notes are unsecured and unsubordinated obligations of the company and will rank equally with all existing and future unsecured and unsubordinated indebtedness of the company. See the IPO prospectus for further information on the debt securities by clicking on the ‘Link to IPO Prospectus’ provided below.
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Go to Parent Company's Record (LUMN)
IPO - 9/11/2015 - 16.00 Million Notes @ $25.00 /note.
Link to IPO Prospectus
Market Value $150.0 Million
Company's Online Information Links
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Company's Online SEC EDGAR Filings |
Company's Email Address Links |
Address and Phone Numbers |
Address: 100 CenturyLink Drive, Monroe, LA 71203 |
Main Phone Number |
318-388-9000 |
Fax Number |
318-388-9562 |
Investor Relations
Mark Stoutenberg
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720-888-1662
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Toll Free Phone Number |
800-366-8201 |
CEO - Jeff K. Storey |
CFO - Indraneel Dev |
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