Lumen sub Level 3 Financing issues additional $650M of 8.5% notes due 2036 for tender offers

Lumen Technologies, Inc.

Upsized offering to $1.9B total ($1.25B initial + $650M additional) of 8.500% Senior Notes due 2036.
Net proceeds used to buy existing second lien notes not previously purchased; remainder for fees and corporate purposes.
Supplemental indenture for 4.875% Second Lien Notes due 2029 eliminates restrictive covenants and releases collateral.
New notes are senior unsecured, rank equally with other unsecured debt, effectively subordinated to secured obligations.
Interest at 8.500% payable Jan 15 and Jul 15, starting Jul 15, 2026; make-whole call prior to Jan 15, 2031.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Lumen Technologies, Inc. entered into Indenture with U.S. Bank Trust Company, National Association valued at $650 million aggregate principal amount (effective 2026-01-09).

Action: entry
Agreement: notes offering
Counterparty: U.S. Bank Trust Company, National Association
Value: $650 million aggregate principal amount
Effective: 2026-01-09

Exact text from the filing

On January 9, 2026, Level 3 Financing, Inc. (“Level 3 Financing”), a direct wholly-owned subsidiary of Level 3 Parent, LLC (“Parent”), and an indirect wholly-owned subsidiary of Lumen Technologies, Inc. (“Lumen,” “us,” “we” or “our”) completed its previously announced upsized offering of additional $650 million aggregate principal amount of its 8.500% Senior Notes due 2036 (the “New Notes”).

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Lumen Technologies, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-26-009027

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