EFTA02652800.pdf

From: jeffrey E. <[email protected]> Sent: Tuesday, April 18, 2017 3:39 PM To: Richard Kahn Subject: Re: New Issue $25 Par Qwest Corporation (CTL) Senior Notes, 6.75% - 6.875%; Fixed- for-Life Let's see after market On Tue, Apr 18, 2017 at 10:51 AM Richard Kahn < wrote: > Richard Kahn > HBRK Associates Inc. > 575 Lexington Avenue 4th Floor > New York, NY 10022 > tel > fax > cell > Begin forwarded message: > *From: "Atlas, Andrew 5" > *Subject: "New Issue $25 Par: Qwest Corporation (CTL) Senior Notes, > 6.75% - 6.875%; Fixed-for-Life* > 'Date: 'April 18, 2017 at 10:38:53 AM EDT > *To: "Richard Kahn >< > Good morning Rich. > Morgan Stanley is pricing a new issue $25 par preferred today. > Here are the details: > $25 Par New Issue Syndicate > Offering: EFTA_R1_01896209 EFTA02652800 > Qwest Corporation > (CTL) > Issuer: Qwest Corporation > ("CTL") > Parent Company: CenturyLink > Inc. > Securities Offered: Notes due > 2057 > Expected Ratings: Bal / BBB— / BBB— (Neg Watch/Stable/Neg > Watch) > Size: $250mm (10mm $25 par > notes) > Maturity: June 15, > 2057 > Price Guidance: 6.75% - > 6.875% > Offer Price: $25.00 per > note > Payment Dates: Quarterly, beginning September 15, > 2017 > Optional Redemption: Issuer's option to redeem at par on or after June > 15, 2022 > Use of Proceeds: We intend to use these net proceeds, together > with available cash or additional intercompany borrowings, to redeem, 2 EFTA_R1_01896210 EFTA02652801 > as soon as reasonably practicable, (i) all $500 million aggregate > principal amount of the Maturing Notes at a premium and (ii) all > $288.5 million aggregate principal amount of the 2051 Notes at par, > including in each case accrued and unpaid interest on all such > redeemed notes. > QDI/DRD: Not > Eligible > Subject to U.S. Tax Withholding for NRA Clients: Please see > the Preliminary Prospectus for tax and withholding > information* > Expected Listing: > NYSE > Timing: Today's > Business > Let me know if you have any questions. > Best, > Andrew > *Andrew S. Atlas* > "First Vice President* > Equity Sales/Middle Markets Group > Financial Advisor 3 EFTA_R1_01896211 EFTA02652802 > •Morgan Stanley Wealth Management* > 1290 Avenue of the Americas, 12th Floor I New York, NY 10104 > Tel/Direct: I Fax: > NMLS ID tt 1326736 > NOTICE: Morgan Stanley is not acting as a municipal advisor and the > opinions or views contained herein are not intended to be, and do not > constitute, advice within the meaning of Section 975 of the Dodd-Frank > Wall Street Reform and Consumer Protection Act. If you have received > this communication in error, please destroy all electronic and paper > copies and notify the sender immediately. Mistransmission is not > intended to waive confidentiality or privilege. Morgan Stanley > reserves the right, to the extent permitted under applicable law, to > monitor electronic communications. This message is subject to terms > available at the following > link: http://www.morganstanley.com/disclaimers If you cannot access > these links, please notify us by reply message and we will send the > contents to you. By communicating with Morgan Stanley you consent to > the foregoing and to the voice recording of conversations with > personnel of Morgan Stanley. please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to [email protected], and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserve 4 EFTA_R1_01896212 EFTA02652803