Lumen Technologies announced the expiration and results of its amended cash tender offers for unsecured senior notes maturing in 2028. The offers, which expired on November 25, 2024, successfully reduced a portion of the company's outstanding debt.
For Lumen's 6.875% Debentures due 2028, $24,094,000, representing 14.89% of the aggregate principal amount outstanding, were validly tendered and accepted at a price of $947.50 per $1,000 principal amount. This action contributes to the company's ongoing efforts to manage its debt profile.
Additionally, for Level 3 Financing's 4.250% Senior Notes due 2028, $275,334,000, or 56.41% of the outstanding principal amount, were tendered and accepted at $890.00 per $1,000 principal amount. The settlement for these notes is expected to occur on November 26, 2024.
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