Qwest Aims To Raise $800M In Note Offering

Law360, New York (January 8, 2010, 2:32 PM EST) -- Qwest Communications International Inc. has priced an offering of $800 million in debt securities, according to the telecommunications company.

The notes, due April 1, 2018, bear an interest rate of 7.125 percent per annum, payable semi-annually on April 1 and Oct. 1, with the first interest payment date on Oct. 1, 2010, the company said Thursday.

The notes were priced at 98.44 percent of par, and their net proceeds will be used for general corporate purposes, including repayment of indebtedness and funding and refinancing investments for...
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