CenturyLink, Inc. (NYSE:CTL) announced that its subsidiary, Qwest Corporation, agreed to sell $500 million aggregate principal amount of 7.50% Notes due 2051. Qwest Corporation also granted the underwriters of this offering an option to acquire up to an additional $75.0 million principal amount of these notes to cover over-allotments. The notes are callable at par on and after September 15, 2016. The closing of this offering is expected to occur on September 21, 2011.

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