DENVER, July 6, 2005 ? Qwest Communications International Inc. (NYSE: Q) and its Qwest Corporation (QC) and Qwest Services Corporation (QSC) subsidiaries, collectively the ?Companies,? announced today that the cash tender offers to purchase any and all of QC's 6 5/8% Notes due 2005 and 6 1/8% Notes due 2005 and QSC's 13.00% Senior Subordinated Secured Notes due 2007 expired at midnight EDT, on Tuesday, July 5, 2005 (the "Expiration Time"). Since commencement of the tender offers on June 7, 2005 through the Expiration Time, the Companies received tenders of notes that were accepted for payment as follows:
- approximately $210.7 million of the 6 5/8% notes, representing approximately 84% of the outstanding principal amount of such notes;
- approximately $129.4 million of the 6 1/8% notes, representing approximately 86% of the outstanding principal amount of such notes; and
- approximately $451.7 million of the 13.00% notes, representing approximately 90% of the outstanding principal amount of such notes.
Final settlement was completed today for notes validly tendered after the early participation payment deadline on June 20, 2005 and before the Expiration Time.
Merrill Lynch and Co. and Deutsche Bank Securities were the Dealer Managers for the tender offers.
Qwest Communications International Inc. (NYSE: Q) is a leading provider of voice, video and data services. With more than 40,000 employees, Qwest is committed to the ?Spirit of Service? and providing world-class services that exceed customers? expectations for quality, value and reliability. For more information, please visit the Qwest Web site at www.qwest.com.