Lumen Technologies, Inc. announced the offering of additional $600 million aggregate principal amount of its 8.500% Senior Notes due 2036.
The offering is through its wholly-owned subsidiary, Level 3 Financing, Inc.
The Additional Notes are being offered as a further issuance of existing Senior Notes due 2036.
Additional Notes Offering
$600 million aggregate principal amount offered through Level 3 Financing, Inc.
Intent of Use
Proceeds to fund purchase of Existing Second Lien Notes and for general corporate purposes.
Tender Offers
Cash tender offers launched for certain Second Lien Notes due 2030-2031.
- The offering aims to secure funds for specific debt purchases and corporate expenses.
- Lumen aims to manage its debt portfolio strategically through this offering.
The Additional Notes offering demonstrates Lumen's strategic financial planning and debt management initiatives, reflecting a focused approach to funding requirements and corporate stability.