Exhibit 99.3
CenturyLink Issues Redemption Notices for Senior Notes
MONROE, La., September 25, 2019– CenturyLink, Inc. (NYSE: CTL) announced today that its wholly owned subsidiary, Level 3 Financing, Inc., (“Level 3 Financing”) issued notices to redeem all of Level 3 Financing’s $240 million outstanding aggregate principal amount of 6.125% Senior Notes due 2021 (“6.125% Notes”) and $160 million of Level 3 Financing’s $1 billion outstanding aggregate principal amount of 5.375% Senior Notes due 2022 (“5.375% Notes”).
Pursuant to the terms of the 6.125% Notes and the 5.375% Notes, on October 25, 2019 (the “Redemption Date”), all of the 6.125% Notes and $160 million of the 5.375% Notes will be redeemed at a redemption price equal to 100% of par (the “Redemption Price”). In addition to the Redemption Price, accrued and unpaid interest of $1.701 per $1,000 principal amount of the 6.125% Notes and $23.888 per $1,000 principal amount of the 5.375% Notes will be paid on the Redemption Date.
In addition to redeeming all of the 6.125% Notes and $160 million of the 5.375% Notes, CenturyLink, Inc. also announced that Level 3 Parent, LLC (“Level 3 Parent”) will be issuing a notice to redeem all of Level 3 Parent’s $600 million outstanding aggregate principal amount of 5.75% Senior Notes due 2022 (“5.75% Notes”).
Pursuant to the terms of the 5.75% Notes, on December 1, 2019 (the “5.75% Notes Redemption Date”), all of the 5.75% Notes will be redeemed at a redemption price equal to 100 percent of par (the “5.75% Notes Redemption Price”). In addition to the 5.75% Notes Redemption Price, accrued and unpaid interest of $14.375 per $1,000 principal amount of the 5.75% Notes will be paid on the 5.75% Notes Redemption Date.
Additional information regarding the redemption is available from The Bank of New York Mellon Trust Company, National Bank.
