Transactions by CENTURYLINK INC (CTL) in the last 6 months

UPH Holdings, Inc., along with its affiliates, filed a voluntary petition for reorganization under Chapter 11 in the US Bankruptcy Court for the Western District of Texas on March 28, 2013. The affiliates include UniPoint Holdings, Inc., Tex-Link Communications, Inc., Peering Partners Communications Holdings, LLC, nWire, LLC, UniPoint Services, Inc., Unipoint Enhanced Services, Inc. and Pac-West Telecomm, Inc. The debtor listed its assets of $26.92 million and liabilities ... of $19.71 million. The main unsecured creditors include CenturyLink, Inc., Cogent Communications Group Inc., Cox Communications, Inc., Frontier Communications Corp., Gneband, Inc., Telesense. Cabs Department, One Communications Corp., RBC Wealth Management, Inc., RBC Wealth Management, Inc. and Time Warner Inc. Jennifer Francine Wertz and Patricia Baron Tomasco of Jackson Walker, LLP acted as legal counsels to debtor. John Palmer of Tamarack Associates, Inc. acted as financial advisor to debtor. Andrew S. Brown of The Brown Firm PLLC acted as special legal counsel to debtor. Q Advisors LLC acted as financial advisor to debtor and will be paid monthly fees of $20000 for first three months after the engagement letter and will be reduced to $15000 per month. Craig A. Wolfe, Benjamin Blaustein and Catherine L. Thompson of Kelley Drye & Warren LLP acted as legal advisor to official committee of unsecured creditors. The US Bankruptcy Court granted an order for the joint administration of the Chapter 11 bankruptcy cases of UPH Holdings, Inc. and its affiliates on April 2, 2013. The affiliates include UniPoint Holdings, Inc., Tex-Link Communications, Inc., Peering Partners Communications Holdings, LLC, nWire, LLC, UniPoint Services, Inc., Unipoint Enhanced Services, Inc. and Pac-West Telecomm, Inc. The cases would be jointly administered for administrative and procedural purposes. UPH Holdings, Inc. has been designated as the lead debtor.
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The Board of Directors of CenturyLink, Inc. (NYSE:CTL) authorized a share repurchase program on February 13, 2013. Under the program, the company will repurchase up to $2 billion of its shares. The repurchases will be made in open market transactions. Repurchases will be funded primarily with free cash flow generated by the business. The repurchase program is subject to market conditions and other factors. The share repurchase program is valid until February 13, 2015. ... Till March 31, 2013, the company has repurchased 11,141,270 shares for $385.71 million. As of May 7, 2013, the company has repurchased approximately 19,200,000 shares for approximately $682 million.
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