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QWEST CORP — Capital/Financing Update 2011
Jun 1, 2011
35503_rns_2011-06-01_e61c90ed-0fc5-43ac-96e7-5a5b03934c1d.zip
Capital/Financing Update
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Filed pursuant to Rule 433 Registration no. 333-156101-03
Qwest Corporation
$575,000,000 7.375% Notes due 2051
Pricing Term Sheet
Date: June 1, 2011
| Issuer: | Qwest Corporation |
|---|---|
| Security: | $575,000,000 7.375% Notes due 2051 |
| Anticipated Ratings (Moodys / S&P / Fitch)*: | Baa3 / BBB- / BBB- |
| Principal Amount: | $575,000,000 |
| Over-allotment Option: | $86,250,000 |
| Trade Date: | June 1, 2011 |
| Settlement Date: | T+5; June 8, 2011 |
| Maturity Date: | June 1, 2051 |
| Coupon: | 7.375% |
| Interest Payment Dates: | March 1, June 1, September 1 and |
| December 1 of each year, beginning | |
| September 1, 2011 | |
| Price to Public: | $25 per Note |
| Optional Redemption: | Callable at par, in whole or in part, at |
| any time on or after June 1, 2016 | |
| Listing: | The Issuer intends to list the Notes on |
| the New York Stock Exchange and expects | |
| trading in the Notes to begin within 30 | |
| days after the Settlement Date. | |
| CUSIP/ISIN: | 74913G 204/US74913G2049 |
| Joint Book-Running Managers: | Barclays Capital Inc. Citigroup Global Markets Inc. Merrill Lynch, Pierce, Fenner & Smith Incorporated Morgan Stanley & Co. LLC UBS Securities LLC Wells Fargo Securities, LLC |
| Lead Manager: | RBC Capital Markets, LLC |
| Co-Managers: | SunTrust Robinson Humphrey, Inc. U.S. Bancorp Investments, Inc. |
*** Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.**
The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling Barclays Capital Inc. at 1-888-603-5847, Citigroup Global Markets Inc. at 1-877-858-5407, Merrill Lynch, Pierce, Fenner & Smith Incorporated toll free at 1-800-294-1322, Morgan Stanley & Co. LLC at 1-866-718-1649, UBS Securities LLC at 1-877-827-6444 ext. 561-3884 or Wells Fargo Securities, LLC at 1-800-326-5897.
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