Lumen and Level 3 early tender results: $850M secured notes exchange, Level 3 cap reached

Lumen Technologies, Inc.

Lumen accepted $136.9M of 2026 notes, $187.9M of 2027 notes, $80.3M of 2028 notes, $85.6M of 2029 notes.
Level 3 accepted $76.6M of 3.400% notes, $280.5M of 4.625% notes (prorated), none of 4.250% notes.
Early settlement expected Sept 24, 2024; exchange offers expire Oct 1, 2024.
Lumen issuing up to $438.3M in 10.000% secured notes due 2032 plus $13.7M cash for 2026 notes.
Level 3 issuing up to $350.0M in 10.000% second lien notes due 2032.

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.