DENVER--(BUSINESS WIRE)--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 closed its previously announced offering of $2.0 billion aggregate principal amount of 7.000% First Lien Notes due 2034 (the “First Lien Notes”). The First Lien Notes have a maturity date of March 31, 2034 and are guaranteed and secured on a first lien basis by Level 3 Parent, LLC, the direct parent of
Related Questions
What are the intended uses of the proceeds and how will they support Lumen's AI-era network expansion strategy?
How will the $2 bn 7% First Lien Notes issuance affect Lumen's leverage ratios and credit ratings?
How does this financing cost and maturity compare to recent debt issuances by peer telecom companies?