Lumen Technologies and its wholly-owned subsidiary, Level 3 Financing, Inc., have commenced cash tender offers to purchase any and all of their outstanding unsecured notes. The offers target various series of notes maturing from 2025 to 2028.
Specific tender considerations per $1,000 principal amount include $1,000.00 for Lumen's 5.625% Senior Notes due 2025 and $860.00 for Level 3's 4.250% Senior Notes due 2028. The expiration time for these offers is set for 5:00 p.m. New York City time on November 18, 2024.
This strategic financial move aims to reduce the company's debt load and manage upcoming maturities, contributing to a stronger balance sheet. The offers are not contingent upon any minimum amount of notes being tendered.
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