Lumen to redeem $500 million of 6 1/8% Qwest notes using new issue

By Cady Vishniac

Detroit, Nov. 23 – Lumen Technologies intends to use the proceeds from a new issue of $750 million in senior notes to redeem $500 million of subsidiary Qwest Corp.’s outstanding 6 1/8% notes due 2053, according to a press release.

The company also intends to use the proceeds for general corporate purposes, including reducing its revolving or other debt.

Lumen, formerly known as CenturyLink Inc., is a Monroe, La.-based enterprise technology platform.

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