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Lumen Technologies, Inc. Announces Upsize and Pricing of First Lien Notes Due 2033
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DENVER--(BUSINESS WIRE)--Jun 16, 2025-- Lumen Technologies, Inc. (“Lumen”, “us,” “we” or “our”) (NYSE: LUMN) today announced that its wholly-owned subsidiary, Level 3 Financing, Inc. (“Level 3 Financing”), has agreed to sell $2.0 billion aggregate principal amount of its 6.875% First Lien Notes due 2033 (the “First Lien Notes”), which represents a $1.0 billion increase from the previously announced size of the offering. The First Lien Notes were priced to investors at par and will mature on June 30, 2033. Upon issuance, Level 3 Financing’s obligations under the First Lien Notes will initially be guaranteed and secured on a first lien basis by Level 3 Parent, LLC, the direct parent of Level 3 Financing, and certain unregulated subsidiaries of the Issuer.