LAWFUEL – The Law News Network – Linklaters’ New York team has advised Qwest Communications International Inc. and its subsidiaries on an offering of US$1.95 billion of high yield notes. This is the largest non-acquisition high yield offering and one of the largest overall high yield offerings to date in 2005. Qwest is a leading provider of high-speed internet, data, video and voice services.
The first offering consisted of US$600 million 7½ per cent senior Notes due 2014, Series B of Qwest Communications International Inc., guaranteed by Qwest Services Corporation and Qwest Capital Funding, Inc; US$400 million 7.625 per cent Notes due 2015 of Qwest Corporation; and US$750 million Floating Rate Notes due 2013 of Qwest Corporation. The second offering consisted of US$200 million 7½ per cent senior Notes due 2014, Series B of Qwest Communications International Inc., guaranteed by Qwest Services Corporation and Qwest Capital Funding, Inc.
Qwest engaged Linklaters following the appointment in June 2005 of Jeff Norton as a partner in the firm’s growing New York-based US finance practice. The Linklaters team consisted of partners Jeff Norton, Peter Ruhlin and Stephen Land, assisted by counsel Jeff Cohen and Ruth Olson, associates Hae-June Ahn, Jason Carss and Ruth McFarlane.