Lumen Technologies announced the expiration and results of certain cash tender offers for its unsecured notes maturing in 2025, 2026, and 2027. For instance, $32,820,000 of Lumen's 5.625% Senior Notes due 2025 were validly tendered and accepted for purchase.
The company also amended its remaining offers for unsecured notes maturing in 2028, increasing the tender consideration. The new consideration for Lumen's 6.875% Debentures due 2028 is $947.50 per $1,000 principal amount, up from $932.50.
Similarly, the tender consideration for Level 3 Financing's 4.250% Senior Notes due 2028 was increased to $890.00 from $860.00. The expiration time for these amended offers was extended to November 25, 2024, allowing more time for participation and further debt reduction.
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