Lumen launches exchange offers for up to $850M in unsecured notes for new secured notes

Lumen Technologies, Inc.

Lumen offers up to $500M of new 10% secured notes due 2032 for its unsecured notes (2026-2029 maturities).
Level 3 offers up to $350M of new 10% second lien notes due 2032 for its unsecured notes (2027-2028 maturities).
Early tender deadline Sept 16, 2024; final expiration Oct 1, 2024; offers not conditioned on minimum tenders.
New notes are secured by collateral and guaranteed by entities securing Lumen’s existing superpriority notes.
Exchange reduces near-term maturities but adds secured debt; priority levels based on acceptance priority levels.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.