Lumen subsidiary Level 3 Financing issues $1.25B of 8.500% Senior Notes due 2036 to refinance second lien debt

Lumen Technologies, Inc.

Level 3 Financing issued $1.25B aggregate principal of 8.500% Senior Notes due 2036.
Net proceeds used to purchase outstanding Second Lien Notes (4.000%, 3.875%, 4.500%) via tender offers.
Supplemental indentures eliminate restrictive covenants and release collateral on Amended Second Lien Notes.
Notes are senior unsecured obligations, guaranteed by Level 3 Parent and certain subsidiaries.
Interest accrues from Dec 23, 2025; payable Jan 15 and Jul 15 starting Jul 15, 2026.

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 $1.25 billion aggregate principal amount with U.S. Bank Trust Company, National Association at 8.500% maturing due 2036.

Instrument: senior notes
Principal: $1.25 billion aggregate principal amount
Counterparty: U.S. Bank Trust Company, National Association
Rate: 8.500%
Maturity: due 2036
Event: incurrence

Exact text from the filing

completed its previously-announced upsized offering of $1.25 billion aggregate principal amount of its 8.500% Senior Notes due 2036

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Lumen Technologies, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-25-330850

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