Item 8.01 Other Events.
On
(i) its indirect wholly-owned subsidiary,Level 3 Financing, Inc. ("Level 3 Financing"), planned to offer$1.0 billion aggregate principal amount of fixed-rate eight-year senior unsecured notes in a proposed private offering that will not be registered under the Securities Act of 1933, the net procceds of which will be used, together with cash on hand, for general corporate purposes, including to redeem all$840 million aggregate principal amount ofLevel 3 Financing's outstanding 5.375% Senior Notes due 2022 (the "2022 Notes") and a portion ofLevel 3 Financing's outstanding 5.675% Senior Notes due 2023 (the "2023 Notes"); and (ii) its indirect wholly-owned subsidiary,Qwest Corporation , had issued notices to redeem$200 million outstanding aggregate principal amount ofQwest Corporation's 6.875% Notes due 2054 (the "Qwest Notes"). That press release is filed as Exhibit 99.1 to this Current Report and is incorporated herein by reference as if set forth in full. This Current Report on Form 8-K does not constitute a notice of redemption with respect to the 2022 Notes, the 2023 Notes or the Qwest Notes. OnJune 10, 2020 ,CenturyLink issued a subsequent press release announcingLevel 3 Financing's agreement to sell$1.2 billion aggregate principal amount of its 4.250% Senior Notes due 2028 in a private offering that will not be registered under the Securities Act of 1933. That press release is filed as Exhibit 99.2 to this Current Report and is incorporated herein by reference as if set forth in full. Forward-Looking Statements Except for historical and factual information, the matters set forth in this Current Report on Form 8-K identified by words such as "will," "should," "expects," "anticipates," "believes," "plans," "intends," and similar expressions are forward-looking statements as defined by the federal securities laws, and are subject to the "safe harbor" protections thereunder. These forward-looking statements are not guarantees of future results and are based on current expectations only, and are subject to various uncertainties. Actual events and results may differ materially from those anticipated by us in those statements for several reasons, including those discussed in Exhibits 99.1 and 99.2. We may change our intentions or plans discussed in our forward-looking statements without notice at any time and for any reason. Item 9.01 Financial Statements and Exhibits. (d) Exhibits: Exhibit No. Description 99.1 Press Release datedJune 10, 2020 , relating to the proposed private offering of senior notes and the issuance of redemption notices for Qwest Notes. 99.2 Press Release datedJune 10, 2020 , relating to the pricing of the senior notes. 104 Cover Page Interactive Data File (formatted in iXBRL in Exhibit 101).
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