Lumen Technologies announced the closing of a $2.0 billion First Lien Notes offering due 2034.
The offering supports the company's strategy to lower costs, extend maturities, and accelerate digital infrastructure growth.
Net proceeds were used to redeem existing notes, simplifying the capital structure and reducing borrowing costs.
Market Confidence
Market confidence in Lumen's strategy and future demonstrated by the successful offering.
Financial Discipline
Execution with discipline to lower interest expense and invest in growth.
Enhanced Flexibility
Steps taken to strengthen financial flexibility and deliver high-performance network services.
- The offering results in meaningful interest expense savings and greater financial flexibility.
- Steps taken strengthen Lumen's position as a trusted partner for enterprises in the AI economy.
Lumen Technologies' capital structure enhancement through the First Lien Notes offering reflects a strategic move towards strengthening financial flexibility and supporting growth initiatives.