Lumen subsidiary Level 3 Financing issues $425M of 7.000% notes to redeem $373M of 10.750% notes

Lumen Technologies, Inc.

Level 3 Financing, Inc. issued $425M aggregate principal of 7.000% First Lien Notes due 2034 on September 8, 2025.
Proceeds together with cash will redeem all $373M of Level 3 Financing's 10.750% First Lien Notes due 2030, including premium.
The new notes form a single series with the $2.0B Initial Notes issued August 18, 2025 under the same indenture.
Interest on the new notes accrues from August 18, 2025 and is payable March 31 and September 30 starting March 31, 2026.
The notes are senior secured obligations guaranteed by Level 3 Parent and certain domestic subsidiaries.

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