EFTA00629150.pdf

From: Richard Kahn To: "jeffrey E." <jeevacation(gmail.com> Subject: Fwd: New Issue S25 Par: Qwest Corporation (CTL) Senior Notes, 6.75% - 6.875%; Fixed- for-Life Date: Tue, 18 Apr 2017 14:50:57 +0000 Attachments: [E-Red]_Qwest_Corporation_Preliminary_Prospectus_Supplement_-_April_18,_....pdf Richard Kahn HBRK Associates Inc. 575 Lexington Avenue 4th Floor New York, NY 10022 tel fax cel Begin forwarded message: From: "Atlas, Andrew S" < 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: Qwest Corporation (CTL) Issuer: Qwest Corporation ("CTL") Parent Company: CenturyLink Inc. Securities Offered: Notes due 2057 Expected Ratings: Ba1 / 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 EFTA00629150 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, 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: 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 Morgan Stanley Wealth Management 1290 Avenue of the Americas, 12th , NY 10104 Tel/Direct: I Fax: NMLS ID # 1326736 Please see the Preliminary Prospectus for tax and withholding 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: Mtp://www.moroanstanley.cornrdisclaimers 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. EFTA00629151