India, Aug. 4 -- Lumen Technologies, Inc. (LUMN) Monday announced that its wholly owned subsidiary, Level 3 Financing, Inc., intends to offer $1.25 billion in First Lien Notes due 2034.
The proceeds from the offering, along with available cash, will be used to partially redeem $1.075 billions of its outstanding 11 percent First Lien Notes due 2029. The funds will also cover redemption premiums, fees, and other related expenses.
LUMN is currently trading at $3.72 up $0.01 or 0.27 percent on the New York Stock Exchange.
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