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Century Telephone Enterprises, Inc. announces public sale of Senior Notes.


MONROE, La.--(BUSINESS WIRE)--Nov. 28, 1995--Century Telephone Enterprises, Inc. (NYSE Symbol:CTL) announces it has agreed to publicly sell $50 million of 6.55 percent Senior Notes, Series C, due 2005 and $100 million of 7.20 percent Senior Notes, Series D, due 2025.

The Series C Notes will be priced to yield 6.559 percent to maturity, and the Series D Notes will be priced to yield 7.218 percent to maturity. The Series C Notes will be non redeemable, and the Series D Notes will be subject to redemption in accordance with the make-whole call provisions contained therein. The lead underwriter for the public offering is Paine Webber Incorporated.

Net proceeds to Century from the offering are anticipated to be approximately $148.5 million, and will be used to reduce Century's short-term bank indebtedness under various credit facilities.

Century Telephone Enterprises, Inc., headquartered in Monroe, Louisiana, is a diversified telecommunications company. Century is the 16th largest local exchange telephone company, based on access lines, and the 17th largest cellular company, based on population equivalents owned, in the United States.

CONTACT: Century Telephone Enterprises, Inc., Monroe

R. Stewart Ewing, Jr., 318/388-9500

COPYRIGHT 1995 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1995, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Nov 28, 1995
Words:194
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