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Centurylink Inc (CTL.N)

CTL.N on New York Stock Exchange

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1:30am IST
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Latest Key Developments (Source: Significant Developments)

Centurylink Reports Q2 Earnings Per Share $0.35
1:45am IST 

Aug 5 (Reuters) - Centurylink Inc ::CENTURYLINK REPORTS SECOND QUARTER 2020 RESULTS.Q2 EARNINGS PER SHARE $0.42 EXCLUDING ITEMS.Q2 EARNINGS PER SHARE $0.35.Q2 REVENUE $5.192 BILLION VERSUS REFINITIV IBES ESTIMATE OF $5.14 BILLION.Q2 EARNINGS PER SHARE ESTIMATE $0.32 -- REFINITIV IBES DATA.FOR FULL YEAR 2020, NOW EXPECT GAAP INTEREST EXPENSE OF $1.7 BILLION.  Full Article

Centurylink Reports Q1 Earnings Per Share $0.37 Excluding Items
Thursday, 7 May 2020 

May 6 (Reuters) - Centurylink Inc ::CENTURYLINK REPORTS FIRST QUARTER 2020 RESULTS.Q1 EARNINGS PER SHARE $0.37 EXCLUDING ITEMS.Q1 EARNINGS PER SHARE $0.29.Q1 REVENUE $5.228 BILLION VERSUS REFINITIV IBES ESTIMATE OF $5.45 BILLION.Q1 EARNINGS PER SHARE ESTIMATE $0.35 -- REFINITIV IBES DATA.COMPANY WITHDRAWS FULL YEAR 2020 FINANCIAL OUTLOOK FOR ADJUSTED EBITDA, FREE CASH FLOW AND CAPITAL EXPENDITURES.  Full Article

Centurylink Reports Fourth Quarter 2019 Results
Thursday, 13 Feb 2020 

Feb 12 (Reuters) - Centurylink Inc ::CENTURYLINK REPORTS FOURTH QUARTER 2019 RESULTS.Q4 EARNINGS PER SHARE $0.33 EXCLUDING ITEMS.Q4 EARNINGS PER SHARE $0.21.Q4 REVENUE $5.57 BILLION VERSUS REFINITIV IBES ESTIMATE OF $5.55 BILLION.Q4 EARNINGS PER SHARE ESTIMATE $0.33 -- REFINITIV IBES DATA.SEES 2020 ADJUSTED EBITDA $9.0 BILLION TO $9.2 BILLION.SEES 2020 FREE CASH FLOW $3.1 BILLION TO $3.4 BILLION.SEES 2020 CAPITAL EXPENDITURES $3.6 BILLION TO $3.9 BILLION.  Full Article

Centurylink Inc - Co Entered Into Restatement Agreement Dated As Of January 31, 2020
Monday, 3 Feb 2020 

Feb 3 (Reuters) - Centurylink Inc ::CENTURYLINK INC - ON JAN 31, CO ENTERED INTO RESTATEMENT AGREEMENT DATED AS OF JANUARY 31, 2020, WHICH AMENDED AND RESTATED ORIGINAL CREDIT AGREEMENT.CENTURYLINK INC - AMENDED CREDIT AGREEMENT AMENDED AND RESTATED CREDIT AGREEMENT, DATED JUNE 19, 2017.CENTURYLINK INC - AMENDED CREDIT AGREEMENT CURRENTLY PROVIDES FOR APPROXIMATELY $8.699 BILLION IN SENIOR SECURED CREDIT FACILITIES.CENTURYLINK INC - AMENDED CREDIT AGREEMENT EXTENDS MATURITY DATE OF TERM LOAN A, TERM LOANA-1 AND REVOLVING CREDIT FACILITIES TO JANUARY 31, 2025.CENTURYLINK INC - AMENDED CREDIT AGREEMENT EXTENDS MATURITY DATE OF TERM LOAN B FACILITY FROM JANUARY 31, 2025 TO MARCH 15, 2027.  Full Article

Centurylink Announces Debt Refinancing Initiatives
Friday, 17 Jan 2020 

Jan 17 (Reuters) - Centurylink Inc ::CENTURYLINK ANNOUNCES DEBT REFINANCING INITIATIVES.CENTURYLINK - AGREED ON JAN. 16, TO SELL $1.25 BILLION AGGREGATE PRINCIPAL AMOUNT OF NEWLY-ISSUED 4.000% SENIOR SECURED NOTES DUE 2027 IN PRIVATE OFFERING.CENTURYLINK INC - 2027 NOTES WERE PRICED TO INVESTORS AT PAR AND WILL MATURE ON FEB. 15, 2027.CENTURYLINK - RECEIVED INDICATIONS OF INTEREST FROM LENDERS TO AMEND & EXTEND 2017 REVOLVING CREDIT FACILITY AND TERM LOAN A AND A-1 FACILITIES.CENTURYLINK - PLANS TO USE NET PROCEEDS FROM OFFERING TO REPAY PORTION OF INDEBTEDNESS UNDER EXISTING 2017 SENIOR SECURED CREDIT FACILITIES.CENTURYLINK - HAD INITIATED PROCESS THROUGH WHICH CO PLANS TO AMEND, EXTEND & REPRICE ITS EXISTING 2017 TERM LOAN B FACILITY.CENTURYLINK INC - EXPECTS TO EFFECT CHANGES TO ITS FACILITIES SHORTLY FOLLOWING CLOSING OF NOTE OFFERING.  Full Article

Glen F. Post, III Decided Not To Stand For Re-Election At CenturyLink's 2020 Shareholder Meeting
Monday, 30 Dec 2019 

Dec 30 (Reuters) - Centurylink Inc ::CENTURYLINK - GLEN F. POST, III DECIDED NOT TO STAND FOR RE-ELECTION AT 2020 SHAREHOLDER MEETING.CENTURYLINK INC - UPON HARVEY PERRY'S RETIREMENT, T. MICHAEL GLENN WILL ASSUME POSITION OF CHAIRMAN.CENTURYLINK - CURRENT NON-EXECUTIVE BOARD CHAIRMAN HARVEY PERRY WILL RETIRE EFFECTIVE MAY 2020 UNDER CO'S DIRECTOR RETIREMENT POLICY.CENTURYLINK INC - CURRENT VICE CHAIRMAN BRUCE HANKS WILL CONTINUE TO SERVE IN THAT ROLE.CENTURYLINK INC - APPOINTED HAL JONES TO ITS BOARD, EFFECTIVE JAN. 1, 2020.CENTURYLINK INC - HAL JONES WAS RECOMMENDED TO BOARD BY SOUTHEASTERN ASSET MANAGEMENT.CENTURYLINK INC - BOARD APPROVED TARGETING TO HAVE ALL NON-CEO BOARD MEMBERS BE INDEPENDENT.CENTURYLINK INC - BOARD APPROVED TARGETING A BOARD SIZE OF BETWEEN 10 AND 12 DIRECTORS.CENTURYLINK - WITH JONES ELECTION BOARD WILL COMPRISE 14 MEMBERS UNTIL 2020 ANNUAL SHAREHOLDER MEETING.CENTURYLINK INC - BOARD APPROVED TARGETING AVERAGE BOARD TENURE OF NO MORE THAN 10 YEARS.CENTURYLINK - BOARD APPROVED ROTATING BOARD COMMITTEE AND BOARD CHAIRS ABOUT EVERY 5 YEARS.  Full Article

Centurylink Completes Private Offering Of Senior Notes
Tuesday, 17 Dec 2019 

Dec 16 (Reuters) - Centurylink Inc ::CENTURYLINK COMPLETES PRIVATE OFFERING OF SENIOR NOTES.  Full Article

Centurylink Announces Pricing Of Private Offering Of Senior Notes
Tuesday, 10 Dec 2019 

Dec 9 (Reuters) - Centurylink Inc ::CENTURYLINK ANNOUNCES PRICING OF PRIVATE OFFERING OF SENIOR NOTES.CENTURYLINK INC- HAS AGREED TO SELL $1.25 BILLION AGGREGATE PRINCIPAL AMOUNT OF ITS NEWLY-ISSUED UNSECURED 5.125% SENIOR NOTES DUE 2026.  Full Article

CenturyLink Proposes Private Offering Of Senior Notes
Monday, 9 Dec 2019 

Dec 9 (Reuters) - CenturyLink Inc ::CENTURYLINK ANNOUNCES PROPOSED PRIVATE OFFERING OF SENIOR NOTES.CENTURYLINK INC - PLANS TO OFFER $750 MILLION OF FIXED-RATE SEVEN-YEAR UNSECURED SENIOR NOTES.CENTURYLINK - TO USE NET PROCEEDS FROM OFFERING, WITH CASH, TO REDEEM ALL $850 MILLION OF OUTSTANDING 6.875% SENIOR NOTES DUE 2033.  Full Article

Centurylink Announces Refinancing Of $4.61 Billion Level 3 Senior Secured Credit Agreement
Friday, 22 Nov 2019 

Nov 22 (Reuters) - Centurylink Inc ::CENTURYLINK ANNOUNCES REFINANCING OF $4.61 BILLION LEVEL 3 SENIOR SECURED CREDIT AGREEMENT.CENTURYLINK INC - 2024 TERM LOAN EXPECTED TO BE REFINANCED WITH NEW $3.11 BILLION SENIOR SECURED TRANCHE B 2027 TERM LOAN, MATURING ON MARCH 1, 2027.CENTURYLINK - BOTH 2027 TERM LOAN & ISSUANCE OF SENIOR SECURED NOTES ARE EXPECTED TO BE COMPLETED ON NOVEMBER 29.CENTURYLINK - CO EXPECTS TO ACCOUNT FOR REFINANCING PRIMARILY AS AN EXTINGUISHMENT OF DEBT.CENTURYLINK INC - EXPECTS THAT ANY GAIN OR LOSS FROM REFINANCING TRANSACTIONS WILL NOT BE MATERIAL TO CO'S FINANCIAL RESULTS.  Full Article