Lumen Technology宣布扩大2034年到期的第一个保留权票据的规模和定价

2025-08-05 05:41

Lumen Technologies (NYSE:LUMN) said on Monday that its wholly-owned subsidiary, Level 3 Financing has agreed to sell $2B aggregate principal amount of its 7.000% First Lien Notes due 2034, which represents a $750M increase from the previously announced size of the offering.
The First Lien Notes were priced to investors at par and will mature on March 31, 2034.
Upon issuance, the First Lien Notes will be fully and unconditionally guaranteed, jointly and severally, on a first lien secured basis by Level 3 Parent, LLC, the direct parent of Level 3 Financing, and certain unregulated subsidiaries of the Issuer.
Level 3 Financing intends to use the net proceeds from this offering, together with cash on hand, to redeem all $1.4B outstanding principal amount of Level 3 Financing’s 11.000% First Lien Notes due 2029, and to partially redeem Level 3 Financing’s 10.750% First Lien Notes due 2030.

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