Lumen Technologies, Inc. announced the offering of an additional $600 million aggregate principal amount of its 8.500% Senior Notes due 2036.
The Additional Notes are being offered as a further issuance of Level 3 Financing, Inc.'s 8.500% Senior Notes due 2036.
The net proceeds from this offering will be used for various purposes including funding the purchase of Existing Second Lien Notes and general corporate purposes.
Offering Details
The offering consists of $600 million aggregate principal amount of 8.500% Senior Notes due 2036.
Use of Proceeds
The net proceeds will be used to fund the purchase of Existing Second Lien Notes and for general corporate purposes.
Tender Offers
Level 3 Financing launched cash tender offers for certain existing Second Lien Notes.
- The offering demonstrates Lumen Technologies' strategic financing decisions to support its operations and financial stability.
- The successful offering of Additional Notes reinforces investor confidence in Lumen Technologies' financial prospects.
Lumen Technologies' announcement of the offering of Additional Notes reflects its proactive approach in managing its capital structure and strategic financial planning for the future growth and stability of the company.