Denver -- February 10, 1998 (Nasdaq: QWST) - Qwest Communications International Inc. ("the Company") has extended to 5:00 p.m., New York City time, February 18, 1998, its offer (the "Exchange Offer") to exchange its 9.47% Series B Senior Notes Due 2007 ("New Notes") for its 9.47% Senior Notes Due 2007 ("Old Notes"). The offer had been scheduled to expire at 5:00 p.m., New York City time, on February 9, 1998. Old Notes in the approximate aggregate principal amount at maturity of $540 million have been tendered in the Exchange Offer.
Holders of Old Notes who do not tender before 5:00 p.m., New York City time, February 18, 1998, will continue to hold unregistered securities and will have no right to compel the Company to register their Old Notes under the Securities Act of 1933.
This release may contain forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results. Readers are referred to the documents filed by Qwest with the SEC, specifically the most recent reports on Form 10-Q, which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements, including potential fluctuations in quarterly results, dependence on new product development, rapid technological and market change, failure to complete the network on schedule, volatility of stock price, financial risk management and future growth subject to risks.
The Qwest logo is a registered trademark of Qwest Communications International Inc. in the U.S. and certain other countries.
|Qwest Media Contact
(303) 615-5070 x102