Denver-based Qwest Communications has announced that it is extending the tender of a buy-back of US$1.27bn of outstanding convertible senior notes.
The notes have a yield of 3.5% and mature in 2025. The tender is being extended from August 12 to…
Denver-based Qwest Communications has announced that it is extending the tender of a buy-back of US$1.27bn of outstanding convertible senior notes.
The notes have a yield of 3.5% and mature in 2025. The tender is being extended from August 12 to August26.
Qwest was bought by CenturyLink for US$10.6bn in June this year.
At the end of the second quarter Qwest had US$11.3bn debt. It had previously announced plans to reduce its debt by US$3.5bn through the first quarter of 2011.
