Lumen commences cash tender offers for outstanding debt
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Contributor since / Followers
1 month ago
- Lumen Technologies (NYSE:LUMN) and its indirect subsidiary Level 3 Financing have launched cash tender offers to purchase any and all of their respective outstanding notes.
- These include Lumen’s (LUMN) 5.625% Senior Notes, Series X, due 2025; 7.200% Senior Notes, Series D, due 2025; 5.125% Senior Notes due 2026; 4.000% Senior Secured Notes due 2027 (Unsecured); and 6.875% Debentures, Series G, due 2028, of which $87.29M, $32.24M, $12.34M, $44.49M and $161.82M aggregate principal amount are outstanding, respectively.
- Each offer will expire at 5:00 p.m., New York City time, on Nov. 18, 2024, unless extended or earlier terminated.
- Shares of Lumen (LUMN) were down 1.98% premarket on Tuesday.