Lumen Technologies, Inc. announced the early results of cash tender offers by its subsidiary, Level 3 Financing, Inc.
The Tender Offers have been amended to remove the Former Aggregate Maximum Tender Cap and provide eligibility for all validly tendered notes to receive the Total Consideration
The company is purchasing several types of Second Lien Notes due in the 2029-2031 range, increasing the size of the purchase offer
Amendments and Results
Lumen Technologies announced early results and amendments to the Tender Offers, allowing additional notes to be eligible for purchase.
Increased Purchase Offer
The offer now includes an increase in the aggregate purchase price, expanding the scope of eligible notes for purchase.
Extension of Deadlines
Certain deadlines related to the Tender Offers have been extended, providing more time for note holders to participate.
- The amendments provide more flexibility and opportunities for note holders to participate in the Tender Offers
- Increased purchase offer indicates positive financial confidence in the company's future prospects
The amendments and early results of the Tender Offers by Lumen Technologies showcase a strategic approach to managing debt obligations and engaging with note holders to enhance financial positions.