Issuer: |
CenturyTel, Inc. | |
Principal Amount: |
$250,000,000 | |
Security: |
$250,000,000 6.15% Senior Notes, Series Q, due 2019 | |
Maturity: |
September 15, 2019 | |
Coupon: |
6.15% | |
Issue Price: |
99.891% | |
Yield to Maturity: |
6.165% | |
Spread to Benchmark Treasury: |
2.750% | |
Benchmark Treasury: |
T 3.625% due August 15, 2019 | |
Benchmark Treasury Yield: |
3.415% | |
Interest Payment Dates: |
March 15 and September 15, commencing March 15, 2010 | |
Interest Calculation Convention: |
30/360 | |
Denominations: |
$2,000 minimum x $1,000 | |
Optional Redemption: |
At any time at greater of Par and Make-Whole at discount rate of Treasury plus 40 basis points. | |
Settlement Date: |
T+5; September 21, 2009 | |
Anticipated Ratings: |
BBB- by Standard & Poors Ratings Services (Stable outlook); Baa3 by Moodys Investors Service, Inc. (Stable outlook); BBB- by Fitch Ratings Ltd. (Stable outlook) | |
Joint Book-Running Managers: |
Banc of America Securities LLC |
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Barclays Capital Inc. |
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J.P. Morgan Securities Inc. |
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Wells Fargo Securities, LLC |
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Senior Co-Managers: |
Mitsubishi UFJ Securities (USA), Inc. |
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Morgan Stanley & Co. Incorporated | ||
Co-Managers: |
SunTrust Robinson Humphrey, Inc. |
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Deutsche Bank Securities Inc. |
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Morgan Keegan & Company, Inc. |
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U.S. Bancorp Investments, Inc. |