CenturyLink Announces Issuance of Notices to Partially Redeem Qwest Corporation Notes
CenturyLink (NYSE: CTL) announced that its subsidiary Qwest Corporation will redeem $250 million of its 6.625% Notes due 2055 on Sept. 15, 2020.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
CenturyLink (NYSE: CTL) announced that its subsidiary Qwest Corporation will redeem $250 million of its 6.625% Notes due 2055 on Sept. 15, 2020. The redemption will occur at par plus accrued and unpaid interest. This step reflects Qwest's ongoing efforts to manage its debt effectively. Further details on the redemption can be obtained from U.S. Bank National Association. The press release also emphasizes CenturyLink's commitment to delivering technology that enhances customer experiences.
Positive
- Qwest Corporation is redeeming $250 million of its 6.625% Notes, indicating proactive debt management.
Negative
- None.
Details
News Market Reaction – CTL
The recorded move for CTL in the trading session of this news was -3.09%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
DENVER, Aug. 27, 2020 /PRNewswire/ -- CenturyLink Inc. (NYSE: CTL) today announced that Qwest Corporation, its indirect, wholly-owned subsidiary ("Qwest"), issued notices to redeem
Pursuant to these notices, on Sept. 15, 2020,
This press release does not constitute a notice of redemption with respect to the Qwest Notes.
About CenturyLink
CenturyLink (NYSE: CTL) is a technology leader delivering hybrid networking, cloud connectivity, and security solutions to customers around the world. Through its extensive global fiber network, CenturyLink provides secure and reliable services to meet the growing digital demands of businesses and consumers. CenturyLink strives to be the trusted connection to the networked world and is focused on delivering technology that enhances the customer experience.
Learn more at http://news.centurylink.com/.
Forward-Looking Statements
Except for historical and factual information, the matters set forth in this release and other of our oral or written statements identified by words such as "estimates," "expects," "anticipates," "believes," "plans," "intends," and similar expressions are forward-looking statements. These forward-looking statements are not guarantees of future results and are based on current expectations only, are inherently speculative, and are subject to a number of assumptions, risks and uncertainties, many of which are beyond our control. Actual events and results may differ materially from those anticipated, estimated, projected or implied by us in those statements if one or more of these risks or uncertainties materialize, or if underlying assumptions prove incorrect. Factors that could affect actual results include but are not limited to: changes in Qwest's cash requirements or financial position; unanticipated delays in redeeming our outstanding debt securities as described above; changes in general market, economic, tax, regulatory or industry conditions; corporate developments that could preclude, impair or delay the above-described transactions due to restrictions under the federal securities laws; and other risks referenced from time to time in CenturyLink's or Qwest's filings with the Securities and Exchange Commission ("SEC"). You should be aware that new factors may emerge from time to time and it is not possible for CenturyLink or Qwest to identify all such factors, nor can CenturyLink or Qwest predict the impact of each such factor on its plans, or the extent to which any one or more factors may cause actual results to differ from those reflected in any of their forward-looking statements. For all the reasons set forth above and in our SEC filings, you are cautioned not to unduly rely upon our forward-looking statements, which speak only as of the date made. We undertake no obligation to publicly update or revise any forward-looking statements for any reason, whether as a result of new information, future events or developments, changed circumstances, or otherwise. Furthermore, any information about our intentions contained in any of our forward-looking statements reflects our intentions as of the date of such forward-looking statement, and is based upon, among other things, existing regulatory, technological, industry, competitive, economic and market conditions, and our assumptions as of such date. We may change our intentions, strategies or plans (including our plans expressed herein) without notice at any time and for any reason.
View original content to download multimedia:http://www.prnewswire.com/news-releases/centurylink-announces-issuance-of-notices-to-partially-redeem-qwest-corporation-notes-301120016.html
SOURCE CenturyLink, Inc.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.