Lumen issues $464k of 10% secured notes due 2032 as final exchange settlement

Lumen Technologies, Inc.

Final settlement on Oct 4: Lumen issued $464,325 in 10.000% secured notes due 2032 for $549,000 of unsecured notes.
Combined with earlier $438.3M initial issuance, total exchanged ~$491.3M of unsecured notes for secured notes.
New notes are secured, senior to unsecured debt, and carry a 10% coupon; exchange offers expired Oct 1, 2024.
Transaction reflects liability management amid credit challenges; all tendered notes exchanged.

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