Lumen Technologies, Inc. (LUMN): debt financing — Lumen subsidiary closes $2B 6.875% notes due 2033, redeems higher-cost debt

Lumen Technologies, Inc.

Level 3 Financing issued $2.0B of 6.875% First Lien Notes due June 30, 2033.
Proceeds redeemed all $924.5M of 10.5% notes due 2030 and $667.7M of 10.5% notes due 2029.
Also partially redeemed $166.6M of 11% First Lien Notes due 2029.
Transaction simplifies capital structure, extends maturities, and reduces interest expense.

item 1.01 item 2.03 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Lumen Technologies, Inc. incurred senior notes of $2.0 billion aggregate principal amount at 6.875% maturing 2033.

Instrument: senior notes
Principal: $2.0 billion aggregate principal amount
Rate: 6.875%
Maturity: 2033
Event: incurrence

Exact text from the filing

completed its previously-announced upsized offering of $2.0 billion aggregate principal amount of its 6.875% First Lien Notes due 2033 (the “Notes”)

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Lumen Technologies, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-25-152683

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