CTL 6 ¾ 12/01/23 CTL 7 ½ 04/01/24

CenturyLink Inc

Credit, TMT


CenturyLink 6.750% 01 Dec ’237.500% 01 Apr ’24 

Publicly traded companies mentioned herein: CenturyLink Inc (CTL), Frontier Communications (FTR), Windstream Holdings Inc (WIN)

Highlights

The presenter is bearish on CenturyLink, seeing structural declines in CenturyLink’s legacy copper landline and DSL segments, and lower-than-expected growth from consumer fiber and enterprise backbone (via the acquisition of Level 3 Communications) segments. He is short CenturyLink’s 6.750% December ’23 and 7.500% Apr ’24 bonds, and also has CDS positions representing the bear thesis.

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Idea Discussion

Commentor 1 - 2 weeks ago

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