Qwest secures new $1.04B revolving credit agreement 
by admin
Published: December 22,2009
Time posted: 1:00 am
Qwest Communications International said Dec. 21 that it has secured a new $1.04 billion revolving credit agreement.
The new agreement will expire Sept. 30, 2013. It replaces an existing revolving credit agreement that was to expire Oct. 21.
The phone company said that it has not yet drawn on the agreement, and if it does it will use proceeds for general corporate purposes such as working capital, capital expenditures and debt refinancing.
Wachovia Bank, National Association is the administrative agent for the new agreement.
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