Issuer:
|
CenturyTel, Inc. | |
Principal Amount:
|
$500,000,000 | |
Security:
|
$500,000,000 6.00% Senior Notes, Series N, due 2017 | |
Maturity:
|
April 1, 2017 | |
Coupon:
|
6.00% | |
Issue Price:
|
99.384% | |
Yield to maturity:
|
6.083% | |
Spread to Benchmark Treasury:
|
1.50% | |
Benchmark Treasury:
|
T 4.625% due February 15, 2017 | |
Benchmark Treasury Yield:
|
4.583% | |
Interest Payment Dates:
|
April 1 and October 1, commencing October 1, 2007 | |
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 25 basis points. | |
Settlement Date:
|
T+3; March 29, 2007 | |
Anticipated Ratings:
|
BBB by Standard & Poor’s Ratings Services | |
| Baa2 by Moody’s Investors Service, Inc. | ||
Joint Book-Running Managers:
|
Banc of America Securities LLC | |
| J.P. Morgan Securities Inc. | ||
| Lehman Brothers Inc. | ||
| Wachovia Capital Markets, LLC | ||
Senior Co-Manager:
|
Goldman, Sachs & Co. | |
Co-Managers:
|
Barclays Capital Inc. | |
| Lazard Capital Markets LLC | ||
| Morgan Keegan & Company, Inc. | ||
| Morgan Stanley & Co. Incorporated | ||
| SunTrust Capital Markets, Inc. | ||
| The Williams Capital Group, L.P. |