Issuer:
|
CenturyTel, Inc. | |
Principal Amount:
|
$250,000,000 | |
Security:
|
$250,000,000 5.50% Senior Notes, Series O, due 2013 | |
Maturity:
|
April 1, 2013 | |
Coupon:
|
5.50% | |
Issue Price:
|
99.868% | |
Yield to maturity:
|
5.526% | |
Spread to Benchmark Treasury:
|
1.05% | |
Benchmark Treasury:
|
T 4.625% due February 29, 2012 | |
Benchmark Treasury Yield:
|
4.476% | |
Interest Payment Dates:
|
April 1 and October 1, commencing October 1, 2007 | |
Interest Calculation Convention:
|
30/360 | |
Denominations:
|
$2,000 minimum x $1,000 | |
Terms:
|
Except as otherwise contemplated by this pricing term sheet, the 5.50% Senior Notes, Series O, due 2013 will be governed by the terms applicable to the Company’s Senior Notes, Series N, described under the caption “Description of the Notes” in the Preliminary Prospectus Supplement dated March 26, 2007 relating to the offer of the Company’s Senior Notes, Series N. | |
Optional Redemption:
|
At any time at greater of Par and Make-Whole at discount rate of Treasury plus 15 basis points. | |
No Special Mandatory Redemption:
|
CenturyTel, Inc. will not be required to redeem the 5.50% Senior Notes, Series O, due 2013 on the terms described under the caption “Description of the Notes—Special Mandatory Redemption” in the Preliminary Prospectus Supplement dated March 26, 2007 |
| relating to the offer of the Company’s Senior Notes, Series N. | ||
Settlement Date:
|
T+3; March 29, 2007 | |
Anticipated Ratings:
|
BBB by Standard & Poor’s Ratings Services | |
| Baa2 by Moody’s Investors Service, Inc. | ||
Joint Book-Running Managers:
|
Banc of America Securities LLC | |
| J.P. Morgan Securities Inc. | ||
| Lehman Brothers Inc. | ||
| Wachovia Capital Markets, LLC | ||
Senior Co-Manager:
|
Goldman, Sachs & Co. | |
Co-Managers:
|
Barclays Capital Inc. | |
| Lazard Capital Markets LLC | ||
| Morgan Keegan & Company, Inc. | ||
| Morgan Stanley & Co. Incorporated | ||
| SunTrust Capital Markets, Inc. | ||
| The Williams Capital Group, L.P. |