EFTA02374991.pdf

From: Richard Kahn <richardkahn12@gmail.com> Sent: Tuesday, April 18, 2017 5:06 PM To: jeffrey E. Subject: Re: New Issue $25 Par Qwest Corporation (CTL) Senior Notes, 6.75% - 6.875%; Fixed- for-Life boss may be interested after market on this so please keep me =osted thanks Richard =ahn HBRK Associates Inc. 575 Lexington =venue 4th Floor New York, NY 10022 tel =12-971-1306 fax 212-320-0381 cell =17-414-7584 On Apr 18, 2017, at 11:39 AM, jeffrey E. <jeevacation@gmail.com> wrote: Let's =ee after market On Tue, Apr 18, 2017 at 10:51 AM Richard Kahn <richardkahn12@gmail.com> wrote: Richard Kahn HBRK Associates Inc. 575 Lexington Avenue 4th Floor New York, =Y 10022 tel 212-971-1306 fax =12-320-0381 cell 917-414-7584 Begin forwarded message: From: =/b>"Atlas, Andrew 5" <Andrew.Atlas@morganstanley.com> Subject: =/b>New Issue $25 Par: =west Corporation (CTL) Senior Notes, 6.75% - 6.875%; =ixed- for-Life EFTA_R1_01382477 EFTA02374991 Date: =/b>April 18, 2017 at 10:38:53 AM =DT To: =/b>"Richard Kahn (richardkahn12@gmail.com)" <richardkahn12@gmail.com> Good morning Rich. Morgan Stanley is pricing a new =ssue $25 par preferred today. Here are the details: &nbs=; =nbsp; =nbsp; $25 Par New Issue Syndicate =ffering: = &=bsp; &nb=p; = Qwest Corporation =CTL) &nb=p; = &=bsp; &nb=p; = &nb=p; = &=bsp; &nb=p; = Issuer: Qwest Corporation ="CTL") &nb=p; = &=bsp; &nb=p; Parent =ompany: =nbsp; CenturyLink =nc. &nbs=; =nbsp; &n=sp; Securities =ffered: Notes due =057 &nbs=; =nbsp; &n=sp; &nbs=; &nb=p; &=bsp; &nb=p; &=bsp; Expected =atings: =Ba1 / BBB— / BBB— (Neg Watch/Stable/Neg =atch) &n=sp; &nbs=; =nbsp; &n=sp; Size: $250mm (10mm $25 =ar =otes) &n=sp; &nbs=; =nbsp; &nb=p; = &=bsp; &nb=p; &=bsp; Maturity: =nbsp; June 15, =057 &nbs=; =nbsp; &n=sp; &nbs=; Price =uidance: = 6.75% - =.875% &n=sp; &nbs=; =nbsp; &n=sp; &nb=p; = &=bsp; &nb=p; = &=bsp; 2 EFTA_R1_01382478 EFTA02374992 Offer =rice: $25.00 per =ote &nbs=; =nbsp; &n=sp; &nbs=; =nbsp; &nb=p; &=bsp; &nb=p; &=bsp; &nb=p; &=bsp; Payment =aces: &n=sp; Quarterly, beginning September 15, =017 &nbs=; =nbsp; &n=sp; &nbs=; &nb=p; &=bsp; &nb=p; &=bsp; Optional Redemption: =ssuer's option to redeem at par on or after June 15, =022 &nbs=; =nbsp; &n=sp; &nbs=; Use of =roceeds: = We intend to use these net proceeds, together with available =ash or additional intercompany borrowings, to redeem, as soon as =easonably practicable, (i) all $500 million aggregate principal amount of the Maturing Notes at a premium and (ii) all $288.5 =illion aggregate principal amount of the 2051 Notes at par, including =n each case accrued and unpaid interest on all such redeemed =otes. &n=sp; &nbs=; =nbsp; &n=sp; &nb=p; = &=bsp; &nb=p; = &=bsp; &nb=p; &=bsp; &nb=p; &=bsp; QDI/DRD: &=bsp; Not =ligible =nbsp; &n=sp; &nbs=; =nbsp; Subject to U.S. Tax Withholding for =RA =lients: =nbsp; Please see the Preliminary Prospectus for tax and =ithholding =nformation* &n=sp; &nbs=; =nbsp; &n=sp; &nb=p; = &=bsp; &nb=p; = &=bsp; &nb=P; Expected =isting: =nbsp; =YSE &nbs=; =nbsp; &n=sp; &nbs=; =nbsp; &nb=p; &=bsp; &nb=p; Timing: =oday's =usiness =nbsp; &n=sp; &nbs=; =nbsp; &n=sp; &nbs=; &nb=p; &=bsp; &nb=p; &=bsp; &nb=p; Let me know if you have any questions. Best, Andrew &nb=p; 3 EFTA_R1_01382479 EFTA02374993 Andrew S. Atlas First Vice President Equity Sales/Middle Markets Group Financial Advisor Morgan Stanley Wealth Management 1290 Avenue of the =mericas, 12th Floor I New York, =Y 10104 Tel/Direct: +1 212 705 4521 I Fax: +1 201 633 8007 andrew.atlas@morganstanley.com <mailto:andrew.atlas@morganstanley.com> NMLS ID Si =326736 NOTICE: Morgan Stanley is not acting as a municipal advisor and the opinions or =iews contained herein are not intended to be, and do not constitute, advice =ithin the meaning of Section 975 of the Dodd- Frank Wall Street Reform and =onsumer Protection Act. If you have received this communication in error, please =estroy all electronic and paper copies and notify the sender immediately. Mistransmission is not intended to waive confidentiality or privilege. =organ Stanley reserves the right, to the extent permitted under applicable =aw, to monitor electronic communications. 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If you have =eceived this communication in error, please notify us =mmediately by return e-mail or by e-mail to jeevacation@gmail.com, and destroy this =ommunication and all copies thereof, including all =ttachments. copyright -all rights reserved 5 EFTA_R1_01382481 EFTA02374995