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0 0 0.00111367909277062 0.00344881267438641 0.00341288754236163 0.00349671285041966 0.00232315853760753 0.00232315853760753
Stock impact report

Lumen Technologies, Inc. Announces Pricing of its 8.500% Senior Notes Due 2036 and Upsize of Previously Announced Debt Tender Offers

Lumen Technologies, Inc. (LUMN) 
Company Research Source: Business Wire
DENVER--(BUSINESS WIRE)--Lumen Technologies, Inc. (“Lumen,” “us,” “we” or “our”) (NYSE: LUMN) today announced that its wholly-owned subsidiary, Level 3 Financing, Inc. (“Level 3 Financing”), has agreed to sell $1.25 billion aggregate principal amount of its 8.500% Senior Notes due 2036 (the “Notes”), which represents a $500 million increase from the previously announced size of the offering.The Notes were priced to investors at a price of 100.000% of their aggregate principal amount and will mature on Jan. 15, 2036. Upon issuance, the Notes will be fully and unconditionally guaranteed, jointly and severally, on an unsubordinated and unsecured basis by Level 3 Parent, LLC, the direct parent of Level 3 Financing, and certain unregulated subsidiaries of Level 3 Financing.Level 3 Financing intends to use the net proceeds from this offering, together with cash on hand or other available liquidity, if necessary, to purchase its Existing Second Lien Notes (as defined below) pursuant to t Show less Read more
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