Lumen Technologies, Inc. Announces Upsize and Pricing of Additional 8.500% Senior Notes Due 2036

Core Viewpoint - Lumen Technologies, through its subsidiary Level 3 Financing, is increasing its offering of Senior Notes by $50 million to a total of $650 million, with a maturity date set for January 15, 2036 [1][2]. Group 1: Offering Details - The Additional Notes are priced at 101.750% of their aggregate principal amount and will mature on January 15, 2036 [2]. - The Additional Notes will be fully guaranteed by Level 3 Parent, LLC and certain unregulated subsidiaries, on an unsubordinated and unsecured basis [2]. Group 2: Use of Proceeds - The net proceeds from the offering will be used to fund the purchase of Existing Second Lien Notes that were not purchased during the early settlement of the Tender Offers, as well as to cover accrued interest, fees, and expenses [3]. - If not applied to the Tender Offers, the proceeds will be used for fees and expenses related to the offering and for general corporate purposes [3]. Group 3: Tender Offers - Level 3 Financing launched cash tender offers on December 8, 2025, to purchase various Existing Second Lien Notes with different maturity dates ranging from 2029 to 2031 [4]. Group 4: Regulatory Information - The Notes will not be registered under the Securities Act of 1933 and are being offered only to qualified institutional buyers and non-U.S. persons outside the United States [5].