Qwest Communications Announces $300 Million Offering (Q)

9/14/2009-Qwest Communications (NYSE:Q) announced it was launching an offering of $300 million in debt securities in a private placement. The company said it plans to use the net proceeds from the offering for general corporate purposes, "including repayment of indebtedness, and funding and refinancing investments in the company and its subsidiaries telecommunications assets," according to the company's press release. In addition, Qwest reiterated its full-year 2009 guidance that the company previously forecasted in its Q2 earning release on July 29, 2009.

Write to Chip Brian at cbrian@tradethetrend.com

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Related terms: communications, corporate, debt, market, nyse, Private Placement, refinancing, securities, telecommunications