debt
confidence high
sentiment neutral
materiality 0.55
Lumen/Level 3 tender results: $93M accepted; 2028 notes repriced to $947.50/$890, extended
Lumen Technologies, Inc.
- Lumen accepted $44.6M in expired tender offers; Level 3 accepted $48.7M; settlement expected Nov 19/21.
- Amended offers for 2028 notes: Lumen 6.875% debentures at $947.50/$1,000; Level 3 4.25% notes at $890/$1,000; expiration Nov 25.
- Settlement of expired offers on Nov 19; guaranteed delivery Nov 21; amended offers settlement expected Nov 26.
- Lumen has $161.8M of 6.875% 2028 notes; Level 3 has $488.1M of 4.25% 2028 notes outstanding.