View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
May 5, 1994


By CBR Staff Writer

Century Telephone Enterprises Inc, Monroe, Louisiana is to raise $148m net with an offer of $50m of 7.75% senior notes, Series A, due 2004 and $100m of 8.25% senior notes, Series B Due 2024, the Series A Notes priced to yield 7.757% to maturity, and the Series B to yield 8.342% to maturity. The net proceeds will be used to repay a $90m bridge loan incurred in the recently completed acquisition of Cellutel Inc, and to reduce Century’s short-term bank debt. The Series A Notes will be nonredeemable, and the Series B notes will be subject to redemption after 10 years. The lead underwriter for the public offering will be PaineWebber Inc.

Topics in this article :
Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.