Lumen Technologies, Inc. announced the offering of $750 million aggregate principal amount of Senior Notes due 2036 through its wholly-owned subsidiary, Level 3 Financing, Inc.
The company plans to use the proceeds for purchasing its Existing Second Lien Notes and general corporate purposes.
The Tender Offers and Consent Solicitations will expire on Jan. 7, 2026, at 5 p.m. EST.
Offering Details
Level 3 Financing to offer $750 million Senior Notes due 2036
Use of Proceeds
Proceeds to purchase Existing Second Lien Notes and for general corporate purposes
Expiration Date
Tender Offers and Consent Solicitations expire on Jan. 7, 2026, at 5 p.m. EST
- The offering of Senior Notes indicates the company's strategic move to manage its existing debt structure and potentially lower interest costs.
- The Tender Offers and Consent solicitation aim to enhance the company's financial flexibility by eliminating restrictive covenants and events of default.
Lumen Technologies aims to optimize its debt structure and financial flexibility through the offering of Senior Notes and Tender Offers. This strategic move reflects the company's commitment to financial prudence and operational efficiency.