Qwest's investors took up $959.9 million in notes of its $1.2 billion tender offer this week.
Included in Qwest Capital Funding's early tenders were $338 million in 7.9 percent notes maturing this year, which equates to 84 percent of the outstanding notes' principal in addition to $621.5 million in 7.25 percent notes that are set to mature in 2011, 78 percent of the principal of those outstanding notes.
Any notes that were tendered by the early participation deadline on 3 PM Tuesday MST offered a $30-per-$1,000 bonus. Earlier in January Qwest sold $800 million in new debt securities that will help it pay off some of the $4 billion in company debt that will be due in 2010 and 2011.
- New Mexico Business Weekly has this article
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