Lumen's subsidiary closes $2B 7% first lien notes due 2034, redeems higher-cost debt

Lumen Technologies, Inc.

Closed $2.0B aggregate principal of 7.000% First Lien Notes due 2034 (maturity March 31, 2034).
Proceeds used to redeem all $1.408B of 11.000% Senior Secured Notes due 2029.
Partially redeemed $305M of 10.750% First Lien Notes due 2030.
CFO says transaction lowers interest expense, extends maturity runway, and supports AI-era network expansion.

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