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DENVER — Qwest Communications International Inc. said Friday that it began an offer by its Qwest Corp. subsidiary to exchange privately placed outstanding 8.375 percent notes due in 2016 for newly registered 8.375 percent notes also due that year.
The registration rights agreement for the outstanding notes requires the exchange offer, Qwest said.
The terms of the new notes are essentially identical to those of the old notes, the company said, and the exchange offer for them will end on Dec. 14.
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