MONROE, La., Jan. 31, 2020 /PRNewswire/ -- CenturyLink,
Inc. (NYSE: CTL) announced that it successfully completed an
extension and repricing of its senior secured credit facilities
originally entered into in June
2017.
As amended, the maturity date of CenturyLink's Term Loan A, Term
Loan A-1 and revolving credit facilities was extended from
Nov. 1, 2022 to Jan. 31, 2025, and the maturity date of
CenturyLink's Term Loan B facility was extended from Jan. 31, 2025 to March 15,
2027. The loan amendments also, among other things, (i)
reduced the applicable margins used to determine interest rates
governing loans under each of these facilities and (ii) resized the
amount of indebtedness under each of these facilities.
Additional details on the amended and restated credit facilities
can be found in CenturyLink's Current Report on Form 8-K to be
filed with the Securities and Exchange Commission.
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.
Forward Looking Statements
Except for historical and factual information, the matters
set forth in this release identified by words such as "will,"
"should," "expects," "anticipates," "believes," "plans," "intends,"
and similar expressions are forward-looking statements as defined
by the federal securities laws, and are subject to the "safe
harbor" protections thereunder. These forward-looking statements
are not guarantees of future results and are based on current
expectations only, and are subject to various uncertainties.
Actual events and results may differ materially from those
anticipated by us in those statements. We may change our
intentions or plans discussed in our forward-looking statements
without notice at any time and for any reason.
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SOURCE CenturyLink, Inc.