Business
Lumen Technologies Further Enhances Capital Structure to Fuel AI-Driven Transformation
DENVER, September 29, 2025--Lumen Technologies, Inc. (NYSE: LUMN) ("Lumen" or the "Company") today announced the successful completion of a repricing transaction of Level 3 Financing, Inc.’s ("Level 3") $2.4 billion credit facilities at Term SOFR + 3.25%. The new pricing represents a reduction of 100 basis points, resulting in $24 million in annual interest expense savings. Additionally, in connection with the refinancing transaction certain other modifications were made to the covenants in the
About this update from Lumen Technologies, Inc.
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":1024,"height":512,"url":"https://media.zenfs.com/en/business-wire.com/2e8bcb0a78d1af9376e35ab9f0043409"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/VutBzriwc6GOS11f.ia1hA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTQ4MDtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/2e8bcb0a78d1af9376e35ab9f0043409","width":960,"height":480},"lightbox":{"url":"https://s.yimg.com/ny/api/res/1.2/IwQW9v958D47DUvTaOGl5A--/YXBwaWQ9aGlnaGxhbmRlcjt3PTIwNDg7aD0xMDI0O2NmPXdlYnA-/https://media.zenfs.com/en/business-wire.com/2e8bcb0a78d1af9376e35ab9f0043409","width":1024,"height":512}},"lazy":false},{"type":"text","content":"Company successfully repriced term loans under the Level 3 Financing, Inc. Credit Agreement and closed on an additional $425 million of first lien notes due 2034 to refinance higher coupon debt and extend maturities","length":215,"tagName":"p","attribs":{}},{"type":"text","content":"These transactions in combination with financings completed earlier this year provide greater financial freedom to accelerate Lumen’s investment in digital networking services for the AI economy","length":194,"tagName":"p","attribs":{}},{"type":"text","content":"DENVER, September 29, 2025--(BUSINESS WIRE)--Lumen Technologies, Inc. (NYSE: LUMN) ("Lumen" or the "Company") today announced the successful completion of a repricing transaction of Level 3 Financing, Inc.’s ("Level 3") $2.4 billion credit facilities at Term SOFR + 3.25%. The new pricing represents a reduction of 100 basis points, resulting in $24 million in annual interest expense savings. Additionally, in connection with the refinancing transaction certain other modifications were made to the covenants in the Credit Agreement to provide additional flexibility to Level 3.","length":609,"tagName":"p"},{"type":"text","content":"Earlier this month, Level 3 also raised an additional $425 million aggregate principal amount of its 7.000% First Lien Notes due 2034 (the "Additional First Lien Notes") at par. Level 3 used the net proceeds from the offering, together with cash on hand, to redeem all $373 million aggregate principal amount of Level 3’s 10.750% First Lien Notes due 2030, including payment of redemption premium, and to...