MONROE, La.-CenturyTel Inc. closed on an $800 million credit facility with JP Morgan Chase Bank, Wachovia Bank, Bank of America, Bank One and SunTrust Bank. The facility consists of a $533 million three-year revolving credit facility and a $267 million 364-day revolving credit facility with a one-year term-out option.
CenturyTel said the facility could be used for general corporate purposes.
