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AI-powered trading signals and market analysis

AI-powered trading signals and market analysis

Lumen Technologies (NYSE: LUMN) announced that its Level 3 Financing subsidiary's cash tender offers for four series of existing second lien notes expired on Jan. 7, 2026.Approximately $2.176 billion aggregate principal amount of Existing Second Lien Notes were validly tendered and accepted for purchase (about $1.5 billion of which settled early on Dec. 23, 2025). Supplemental indentures to effect the Proposed Majority Amendments and the Collateral Release and 2/3 Amendment were entered for three series on the Early Settlement Date and will become operative on the expected Final Settlement Date of Jan. 9, 2026. Level 3 Financing received requisite consents for the 2029 Notes and will execute a supplemental indenture promptly after expiration.

Lumen (NYSE: LUMN) subsidiary Level 3 Financing agreed to sell an additional $650 million aggregate principal amount of 8.500% Senior Notes due 2036, upsizing the offering by $50 million from the previously announced size.The Additional Notes priced at 101.750% and will mature on Jan. 15, 2036. They will form a single series with the $1.25 billion initial issuance from Dec. 23, 2025, and are guaranteed by Level 3 Parent and certain unregulated subsidiaries. Net proceeds are intended to fund purchases of specified existing second lien notes and related costs, with any remainder for fees and general corporate purposes.