India, Aug. 4 -- Lumen Technologies, Inc. (LUMN) Monday announced that its wholly-owned subsidiary, Level 3 Financing, Inc. plans to offer $1.25 billion aggregate principal amount of First Lien Notes due 2034.
Level 3 Financing intends to use the net proceeds from this offering, together with cash on hand, to partially redeem $1.075 billion aggregate principal amount of Level 3 Financing's 11.000% First Lien Notes due 2029, including payment of redemption premium, and to pay related fees and expenses.
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Lumen Technologies is an American telecommunications company headquartered in Monroe, Louisiana, which offers communications, network services, security, c...