(NYSE:LUMN) DENVER--(BUSINESS WIRE)--Lumen Technologies, Inc. (âLumenâ, âus,â âweâ or âourâ) (NYSE: LUMN) today announced that its wholly-owned subsidiary, Level 3 Financing, Inc. (âLevel 3 Financingâ), has agreed to sell $425 million aggregate principal amount of its 7.000% First Lien Notes due 2034 (the âAdditional First Lien Notesâ). The Additional First Lien Notes are being offered as a further issuance of Level 3 Financing's 7.000% First Lien Notes due 2034, of which $2 billion aggregate principal amo
Related Questions
What is the intended use of the $425âŻmillion proceeds and how will it affect Lumenâs leverage ratios?
How does the pricing of the upsized 7.0% First Lien Notes compare to existing Lumen debt and comparable telecom issuances?
What immediate impact might this additional issuance have on Lumenâs stock liquidity and shortâterm price volatility?