Lumen Technologies Plans to Offer $1 Billion Senior Notes
Lumen Technologies announced that its wholly-owned subsidiary, Level 3 Financing plans to offer $1 billion aggregate principal amount of its Senior Notes due 2037 and together with Lumen and Qwest Capital Funding, Lumen's indirect and wholly-owned subsidiary, commence concurrent cash tender offers to purchase the outstanding notes. Level 3 Financing intends to use a portion of the net proceeds from this offering to fund the purchase of the Existing Group Tender Notes by the respective issuer of such Existing Group Tender Notes pursuant to concurrent Tender Offers and to pay related fees and expenses. To the extent not applied to purchase the Existing Group Tender Notes in the Tender Offers and pay related fees and expenses, Level 3 Financing intends to use the net proceeds from this offering for general corporate purposes.
