Core Viewpoint - Lumen Technologies, Inc. announced cash tender offers by its subsidiary Level 3 Financing, Inc. to purchase outstanding notes, subject to specific terms and conditions outlined in the Offers to Purchase and Solicitations of Consents dated December 8, 2025 [1] Group 1 - The cash tender offers are part of Lumen's financial strategy to manage its outstanding debt [1] - The offers are being made by Level 3 Financing, Inc., which is a wholly-owned subsidiary of Lumen Technologies [1] - The terms and conditions of the tender offers are detailed in the Offers to Purchase and Solicitations of Consents document [1]

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].

Core Viewpoint - Lumen Technologies, through its subsidiary Level 3 Financing, is increasing its offering of Senior Notes to $1.25 billion, which is a $500 million increase from the previously announced amount [1][4]. Group 1: Offering Details - Level 3 Financing is selling $1.25 billion aggregate principal amount of 8.500% Senior Notes due January 15, 2036, priced at 100.000% of their aggregate principal amount [1][2]. - The Notes will be fully guaranteed by Level 3 Parent, LLC, and certain unregulated subsidiaries on an unsubordinated and unsecured basis [2]. - The offering is expected to be completed on December 23, 2025, subject to customary closing conditions [3]. Group 2: Use of Proceeds - The net proceeds from the offering will be used to purchase Existing Second Lien Notes and to pay related fees and expenses, with any remaining funds allocated for general corporate purposes [3]. - Level 3 Financing is conducting cash tender offers to purchase outstanding notes, increasing the aggregate purchase price to $1.5 billion from the previously announced $1.0 billion [4]. Group 3: 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 [5]. - This press release does not constitute an offer to sell or solicit offers to buy the Notes or Existing Second Lien Notes in any jurisdiction where such actions would be unlawful [6]. Group 4: Company Overview - Lumen Technologies aims to unleash digital potential by connecting people, data, and applications, focusing on business growth and AI capabilities [7].