Lumen subsidiary prices $1.25B 8.500% Senior Notes due 2036; tender offer upsized to $1.5B

Lumen Technologies, Inc.

Level 3 Financing priced $1.25B of 8.500% Senior Notes due Jan 15, 2036; upsized from $750M.
Concurrent tender offers for up to $1.5B aggregate purchase price of existing second-lien notes; increased from $1.0B.
Tender offers cover four series: 4.000% 2031, 3.875% 2030, 4.500% 2030, 4.875% 2029; early tender premium $30 per $1,000.
Consent solicitation seeks to eliminate restrictive covenants and release collateral on existing notes.
Offering expected to close Dec 23, 2025; proceeds to fund tenders and general corporate purposes.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.