MONROE, La., Jan. 25, 2016 /PRNewswire/ -- CenturyLink, Inc. (NYSE: CTL ) announced today that its wholly-owned subsidiary, Qwest Corporation, agreed to sell $235 million aggregate principal amount of 7% Notes due 2056. The closing of this offering is expected to occur on January 29, 2016, subject to customary closing conditions. Qwest intends to apply to list the notes on the New York Stock Exchange. If the application is approved, Qwest expects trading in the notes to begin within 30 days after the notes are first issued. Qwest intends to use the net proceeds from this offering, together with available cash, to retire at maturity all of the $235 million aggregate principal amount of its outstanding 8 3/8 % Notes due May 1, 2016, together with accrued and unpaid interest thereon.