Lumen in its exchange offers for unsecured notes of Lumen and its subsidiary, Level 3
On September 3, 2024, Lumen Technologies, Inc. commenced offers to exchange (1) Lumen’s outstanding 5.125% Senior Notes due 2026, 4.000% Senior Secured Notes due 2027 (Unsecured), 6.875% Debentures, Series G, due 2028, and 4.500% Senior Notes due 2029 for 10.000% Secured Notes due 2032 to be issued by Lumen, and (2) its subsidiary Level 3 Financing, Inc.’s outstanding 3.400% Senior Secured Notes due 2027 (Unsecured), 4.625% Senior Notes due 2027 and 4.250% Senior Notes due 2028 for 10.000% Second Lien Notes due 2032 to be issued by Level 3. The offers are expected to expire October 1, 2024.
Wachtell, Lipton, Rosen & Katz is serving as legal advisor to Lumen.