UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 1, 2012
CenturyLink, Inc.
(Exact name of registrant as specified in its charter)
Louisiana | 1-7784 | 72-0651161 | ||
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
Qwest Communications International Inc.
(Exact name of registrant as specified in its charter)
Delaware | 001-15577 | 84-1339282 | ||
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) | ||
100 CenturyLink Drive Monroe, Louisiana | 71203 | |||
(Address of principal executive offices) | (Zip Code) |
(318) 388-9000
(Registrants telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions:
¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 8.01 | Other Events |
On October 1, 2012, CenturyLink, Inc. issued a press release announcing that its wholly-owned subsidiary, Qwest Communications International Inc., terminated its previously-announced cash tender offer for its outstanding 7.125% Notes due 2018. CenturyLink, Inc. also announced the termination of its concurrent public offering of senior debt securities.
Item 9.01 | Financial Statements and Exhibits |
(d) Exhibits
The exhibit to this current report on Form 8-K is listed in the Exhibit Index, which appears at the end of this report and is incorporated by reference herein.
2
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, CenturyLink, Inc. and Qwest Communications International Inc. have duly caused this current report to be signed on their behalf by the undersigned officer hereunto duly authorized.
CenturyLink, Inc. | ||
By: |
/s/ Stacey W. Goff | |
Stacey W. Goff | ||
Executive Vice President, | ||
General Counsel and Secretary |
Qwest Communications International Inc. | ||
By: |
/s/ Stacey W. Goff | |
Stacey W. Goff | ||
Executive Vice President, | ||
General Counsel and Assistant Secretary |
Dated: October 2, 2012
3
Exhibit Index
Exhibit No. |
Description | |
99.1 | Press release dated October 1, 2012 announcing termination of debt tender offer and debt offering. |
4
Exhibit 99.1
FOR IMMEDIATE RELEASE: | FOR MORE INFORMATION CONTACT: | |||
October 1, 2012 | Kristina Waugh | |||
kristina.r.waugh@centurylink.com |
CENTURYLINK TERMINATES FINANCE TRANSACTIONS
MONROE, La. . . . CenturyLink, Inc. (NYSE: CTL) announced today that in light of current market conditions it has decided not to proceed with its previously-announced senior notes offering at this time. CenturyLink opportunistically sought to refinance certain indebtedness of its wholly-owned subsidiary Qwest Communications International Inc. (Qwest) at attractive rates.
As a result of its decision not to proceed with its senior notes offering, CenturyLink also announced that Qwest is hereby terminating its previously-announced cash tender offer for its outstanding 7.125% Notes due 2018 (CUSIP Number 749121CC1). Qwest is terminating the tender offer because it has determined that the financing condition is unlikely to be satisfied.
Qwest has previously committed to redeem on October 26, 2012 all $550 million aggregate principal amount of its 8.00% Notes due 2015. Qwest now expects to fund this redemption with borrowings available to it under CenturyLinks revolving credit facility.
This press release constitutes a formal termination of Qwests tender offer. CenturyLink and Qwest reserve the right to initiate a new tender offer at a later date if market conditions become more favorable, but are under no obligation to do so. Qwest also reserves the right to repurchase from time to time its 7.125% Notes due 2018 through other means, including redemption transactions, but is under no obligation to do so.
This press release is for informational purposes only and constitutes neither an offer to buy nor a solicitation of an offer to sell the above-described notes or any other securities. This press release shall not constitute an offer, solicitation or sale in any jurisdiction. Qwests tender offer was made solely pursuant to the press release issued earlier today by Qwest and CenturyLink.
About CenturyLink
CenturyLink is the third largest telecommunications company in the United States and is recognized as a leader in the network services market by technology industry analyst firms. The company is a global leader in cloud infrastructure and hosted IT solutions for enterprise customers. CenturyLink provides data, voice and managed services in local, national and select international markets through its high-quality advanced fiber optic network and multiple data centers for businesses and consumers. The
company also offers advanced entertainment services under the CenturyLinkPrism TV and DIRECTV brands. Headquartered in Monroe, La., CenturyLink is an S&P 500 company and is included among the Fortune 500 list of Americas largest corporations. For more information, visit www.centurylink.com.
Forward Looking Statements
This press release includes certain forward-looking statements that are based on current expectations only, and are subject to a number of risks, uncertainties and assumptions, many of which are beyond the control of CenturyLink and Qwest. Actual events and results may differ materially from those anticipated 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 the terms or availability of CenturyLinks credit facility; changes in the credit ratings of CenturyLink; and other risks referenced from time to time in CenturyLink and Qwests filings with the Securities and Exchange Commission. Neither CenturyLink nor Qwest undertakes any obligation to update any of its forward-looking statements for any reason.
G)E
M4WI.5&-Z:V,Y9"<_/@H\/V%D;V)E+7AA<"UF:6QT97)S(&5S8STB0U(B/SX*
M/'@Z>&%P;65T82!X;6QN ?8^1,M74,`?'24-.KS3/\`1(D8_CW"
MWWH-@W+FGESD'EW9XM>Y7F]QQH/(%K>:K-Z*BU=SY*I/61N_VTU[L?+=K;K6
M:0Q`?G$ >-RG2^QW>:BJ^S
M:INU4^X:V(WDNXEI4D<$@@^^<_M#[2;QSA[FR
M;+S183Q6NV2>-?B4'4Q5NR)BWQ>.X^+(:,.P)%#U%&Q;'<7^\&WO8F5(3JEU
M<30X7/'4?/S%3T.G\PWNR'-;EPG26V:H+A=GS4N3W
7!E`````$YO;F4````)=&]P3W5T R*>@WOR>@,QF^J_UG9%# '!A8VME="!B96=I;CTG[[N_)R!I9#TG5S5-,$UP0V5H:4AZ
MP-O;^=^NLH2F:WGM?=^X_X&U%4
M8ZEB=;0)#5T]0T$BM-$98O?NM!D8$,H!]>MG`<\_[W[WTUU[W[KW6F1\-OYE
MW2OP'^?G\ZK;_:_6OR0W]6]D?/',9[#3]$=,9SM:@QE'@Z?/XRIAW)5XBJIT
MPM=43U(:GBDN9HU9API]^Z?9"R1T(X='6[E_X4U?'C9.WF?8/Q2^7=?N3*S1
MXC;V5[PZVA^//45!G*^T&.GWWV7O/*U,&V=OQ53J:FH6DG*1!C8<'WJO51$?
M-AT
ZV`J)J(JQX=-GR._EE?,7X5=6[E^2/\NC^8
M+\O]Y=F=0XJN[#W%T#\H^Q:;O/K3O7![9@ES.X]K?99#"8NIPF>R.+IIQ1_;
M@O/,1#')3R.LR:Z\'5C1E'V]6:]+_*_;_P`X?Y8:?*;;N,3`P]N_&/?^=S&V
MEJOO#M;=E)L_<6'WAMEJ@A9)5PFYL=501M(J2/$B.RJ6M[WU0C2U/GT4+_A/
M!F\5MK^2M\6-QYVN@QF$P&U>ULWF4IYYH)Z2FRU?!#.8M,,L,7W*R>/SZU44(C&
M?,]'I_GH=>?$SM#I3H[:7>7R`S7QE^1-3W7A:OX-=L[$V%V1V9V;BOD!1"":
M@QFVMF]2[;W/OC)X;,J*>#)-3PPK"YII!,LRPJ^^J1D@F@J//H#MO9'_`(4V
M8S9,74\VV/Y=.Y,TF/7#T'RISNY.P,=G):9@(Z;=N4ZMAQ%'0/N)*8K(]/)B
M(8?,")*