CenturyLink plans to amend credit facilities, repay portion of debt

By Sarah Lizee

Olympia, Wash., Jan. 17 – CenturyLink, Inc. received indications of interest from lenders to amend and extend its 2017 revolving credit facility and term loan A and A-1 facilities, according to a press release.

The company also initiated a process through which it plans, subject to market conditions, to amend, extend and reprice its existing 2017 term loan B facility.

Also, CenturyLink plans to repay a portion of the debt under its existing 2017 senior secured credit facilities using proceeds from new notes.

As previously reported, the company launched and priced an upsized $1.25 billion issue of seven-year senior secured notes (Ba3/expected BBB-/expected BB+) at par to yield 4% in a quick-to-market Thursday trade, according to market sources.

CenturyLink is a Monroe, La.-based communications, hosting, cloud and IT services company.

© 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.