debt
confidence high
sentiment positive
materiality 0.50
Lumen/Level 3 complete tender offer for 2028 notes; $24M Lumen, $275M Level 3 notes tendered
Lumen Technologies, Inc.
- Lumen retired $24.1M (14.89%) of its 6.875% 2028 notes at $947.50 per $1,000 principal.
- Level 3 Financing retired $275.3M (56.41%) of its 4.25% 2028 notes at $890.00 per $1,000 principal.
- Settlement occurred November 26, 2024; accrued interest also paid to tendering holders.
- Total aggregate principal accepted: $299.4M across both series of 2028 notes.