Sunday, December 20, 2009

Qwest Secures New $1.035 Billion Revolving Credit Facility

Qwest Communications has entered into a new revolving credit facility. The new $1.035 billion agreement expires on Sept. 30, 2013, and replaces the company's pre-existing revolving credit agreement that was scheduled to expire on Oct. 21, 2010. Wachovia Bank, National Association -- an affiliate of Wells Fargo Securities, LLC -- acts as administrative agent under the new agreement.