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On September 11, 2020, CenturyLink (NYSE: CTL) announced the successful redemption of $140 million of its 5.625% Senior Notes and $700 million of its 5.125% Senior Notes, totaling $840 million. This redemption follows notices issued on August 12, 2020, by Level 3 Financing Inc., a wholly-owned subsidiary of CenturyLink. The effective completion of this redemption enhances the company's financial strategy by managing its debt obligations. Further details are available from Bank of New York Mellon Trust Company.
CenturyLink donated $50,000 to PCs for People to enhance technology access for low-income families amid the ongoing digital divide exacerbated by remote learning. PCs for People provides affordable computers at $20 each, shipping directly to homes, to ensure students and families can access essential resources, including telehealth and education. This partnership aims to positively impact thousands of individuals, reflecting CenturyLink's commitment to equitable tech access.
CenturyLink (NYSE: CTL) announced its participation in two upcoming virtual investor conferences. Laurinda Pang, president of international and global accounts, will present at the BofA Securities Virtual Conference on Sept. 10 at 9:50 a.m. ET. Jeff Storey, president and CEO, will present at the Goldman Sachs 29th Annual Communacopia Conference on Sept. 15 at 3:45 p.m. ET. Investors can access webcast information via CenturyLink's Investor Relations website.
As a technology leader, CenturyLink delivers hybrid networking, cloud connectivity, and security solutions globally.
CenturyLink (NYSE: CTL) announced that its subsidiary Qwest Corporation will redeem $250 million of its 6.625% Notes due 2055 on Sept. 15, 2020. The redemption will occur at par plus accrued and unpaid interest. This step reflects Qwest's ongoing efforts to manage its debt effectively. Further details on the redemption can be obtained from U.S. Bank National Association. The press release also emphasizes CenturyLink's commitment to delivering technology that enhances customer experiences.
CenturyLink has partnered with Bark Technologies to enhance online safety for children, especially as remote learning increases. This partnership allows CenturyLink subscribers and others to access a 30-day free trial of Bark's monitoring service, followed by a 20% lifetime discount on safety packages. Bark's AI technology has detected alarming trends in children's online activities, including a 23% rise in online predation. CenturyLink's extensive network combined with Bark's capabilities aims to provide robust digital safety solutions for families.
CenturyLink Inc. (NYSE: CTL) announced a quarterly cash dividend of 25 cents per share, payable on Sept. 11, 2020. Shareholders must be on record by Aug. 31, 2020, with an ex-dividend date of Aug. 28, 2020. This move reflects CenturyLink's commitment to returning value to its shareholders, supported by its robust operations in hybrid networking and cloud solutions.
CenturyLink Inc. (NYSE: CTL) announced the completion of a private offering of $840 million in 3.625% Senior Notes due 2029 by its subsidiary Level 3 Financing Inc. The proceeds will be utilized for general corporate purposes, including the redemption of $840 million in outstanding Senior Notes. The upcoming redemption involves $140 million of 5.625% Senior Notes and $700 million of 5.125% Senior Notes, effective Sept. 11, 2020. The 2029 Notes are unsecured obligations and were privately placed under the Securities Act.
On August 10, 2020, CenturyLink (NYSE: CTL) announced its participation in two virtual investor conferences on August 11. Shaun Andrews, Executive Vice President and CMO, will present at the Oppenheimer 23rd Annual Technology, Internet & Communications Conference at 9:40 a.m. ET. Andrew Dugan, SVP and CTO, will speak at the Cowen 6th Annual Communications Infrastructure Summit at 1:30 p.m. ET. Webcast details are available on CenturyLink's Investor Relations website.
On August 7, 2020, CenturyLink (NYSE: CTL) announced that its subsidiary, Level 3 Financing Inc., will sell $840 million in unsecured 3.625% Senior Notes due 2029. The notes will mature on January 15, 2029 and are priced to investors at par. Proceeds will be used to redeem $140 million of 5.625% Senior Notes and $700 million of 5.125% Senior Notes, both due in 2023. The offering is expected to close on August 12, 2020, subject to customary conditions.
On August 7, 2020, CenturyLink (NYSE: CTL) announced that its wholly-owned subsidiary, Level 3 Financing, plans to offer $840 million in fixed-rate unsecured Senior Notes through a private offering not registered under the Securities Act. The proceeds will be used for general corporate purposes, including redeeming $140 million of 5.625% Senior Notes and $700 million of 5.125% Senior Notes, both due in 2023. The offering is available only to qualified institutional buyers and non-U.S. persons.
