Lumen Technologies Inc., through its indirect wholly-owned subsidiary Level 3 Financing, Inc., has completed an upsized offering of $1.25 billion in 8.500% Senior Notes due 2036. The proceeds from this new debt financing, along with cash on hand, were used to purchase existing second lien notes and to solicit consents to amend the indentures governing several series of outstanding second lien notes. The amendments aim to eliminate most restrictive covenants, certain events of default, and release collateral securing these obligations. The transaction involved the execution of a new indenture with U.S. Bank Trust Company, National Association, serving as trustee.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Lumen Technologies Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-25-330850), on December 23, 2025, and is solely responsible for the information contained therein.