Lumen Technologies, Inc. announced the offering of $425 million aggregate principal amount of its 7.000% First Lien Notes due 2034 through its subsidiary, Level 3 Financing, Inc.
The offering is a further issuance of the Initial First Lien Notes that were originally issued on Aug. 18, 2025.
The net proceeds from this offering will be used to redeem all outstanding 10.750% First Lien Notes due 2030 and pay related fees and expenses.
Additional Offering
$425 million aggregate principal amount of 7.000% First Lien Notes due 2034 offered
Redemption Plans
Intention to redeem all $373 million of 10.750% First Lien Notes due 2030
Usage of Proceeds
Proceeds from the offering will be used for redemption and expenses
- The offering of Additional First Lien Notes enhances the company's debt structure and provides financing for strategic initiatives.
- Redeeming the outstanding 10.750% First Lien Notes reduces the company's interest expenses and strengthens its financial position.
Lumen Technologies, Inc. is strategically managing its debt obligations and capital structure to support its growth strategies and optimize its financial performance.