DENVER--(BUSINESS WIRE)--Lumen Technologies, Inc. ("Lumen,†"us,†"we†or "our†) (NYSE: LUMN) today announced that the previously announced cash tender offers (each, a "Tender Offer†and collectively, the "Tender Offers†) by its wholly-owned subsidiary, Level 3 Financing, Inc. ("Level 3 Financing†) to purchase the outstanding notes described below, in each case subject to certain terms and conditions set forth in the Offers to Purchase and Solicitations of Consents dated Dec. 8, 2025, as amende. ...

DENVER--(BUSINESS WIRE)--Lumen Technologies, Inc. ("Lumen,†"us,†"we†or "our†) (NYSE: LUMN) today announced that its wholly-owned subsidiary, Level 3 Financing, Inc. ("Level 3 Financing†), has agreed to sell $650 million aggregate principal amount of its 8.500% Senior Notes due 2036 (the "Additional Notes†), which represents a $50 million increase from the previously announced size of the offering. The Additional Notes are being offered as a further issuance of Level 3 Financing's 8.500% Senior Notes d ...

Core Viewpoint - Nasdaq, Inc. announced updated terms for its cash tender offers to purchase outstanding senior notes, increasing the caps for both the 2028 and 2052 notes, reflecting a strategic move to manage its debt obligations effectively [1][5]. Group 1: Tender Offer Details - The total cap for the 2028 Notes has been increased to $83,011,000 from a previous cap of $80,000,000, while the cap for the 2052 Notes has been raised to $16,989,000 from $10,000,000 [1]. - The tender offers will expire on December 30, 2025, with an early settlement date set for December 17, 2025, for notes validly tendered by the early tender date [6]. - The total consideration for the 2028 Notes is $1,033.67 per $1,000 principal amount, while for the 2052 Notes, it is $777.38 per $1,000 principal amount [3][7]. Group 2: Financial Implications - The total consideration includes an early tender premium of $30.00 per $1,000 principal amount of notes accepted for purchase [7]. - All notes accepted for purchase will be retired and canceled, ceasing to be outstanding obligations of the company [8]. Group 3: Management and Contact Information - J.P. Morgan Securities LLC is acting as the dealer manager for the tender offers, providing assistance to investors regarding the terms and conditions [9]. - D.F. King & Co., Inc. serves as the tender and information agent, handling inquiries related to the procedures for tendering notes [10].

Core Points - Nasdaq, Inc. announced early results of its cash tender offers for its outstanding Notes, with a total cap of $83,011,000 for the 5.350% Senior Notes due 2028 and $16,989,000 for the 3.950% Senior Notes due 2052, reflecting increases from previously announced caps [1][2] - The tender offers are subject to conditions outlined in the Offer to Purchase dated December 1, 2025, and the company has elected to make payments for validly tendered Notes on December 17, 2025 [1][3] - The aggregate principal amount tendered for the 2028 Notes was $287,683,000, with a proration factor of 29%, while the 2052 Notes had $88,876,000 tendered with a proration factor of 19% [4][6] Tender Offer Details - The tender offers will expire on December 30, 2025, unless extended or terminated earlier [5] - The Total Consideration for each $1,000 principal amount of Notes accepted for purchase will include an early tender premium of $30.00, calculated based on the applicable fixed spread and yield of U.S. Treasury Reference Security [6][7] - The company intends to fund the purchase of the validly tendered and accepted Notes with available cash and other liquidity sources [8] Additional Information - J.P. Morgan Securities LLC is the dealer manager for the tender offers, and D.F. King & Co., Inc. serves as the tender and information agent [9][10] - The complete terms and conditions of the tender offers are detailed in the Offer to Purchase [9]

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].

Core Viewpoint - Celanese Corporation has initiated cash tender offers to purchase up to $1 billion of its outstanding senior notes, specifically targeting the 6.665% Senior Notes due 2027 and the 6.850% Senior Notes due 2028, with specific caps on the amount of each series to be purchased [1][2][4]. Group 1: Tender Offer Details - The total principal amount targeted for purchase is $1,000,000,000, with a cap of $100,000,000 for the 2028 Notes [1][4]. - The tender offers will expire at 5:00 p.m. New York City time on December 31, 2025, unless extended or terminated earlier [4][5]. - Notes purchased will be retired and cancelled following the tender offers [2][4]. Group 2: Financial Terms - The early tender payment for the 2027 Notes is set at $987.50 per $1,000 principal amount, while the total consideration including accrued interest is $1,037.50 [3]. - For the 2028 Notes, the early tender payment is $1,005.00, with a total consideration of $1,055.00 [3]. - The interest rates on the 2027 and 2028 Notes have increased to 7.165% and 7.350%, respectively, reflecting a 0.50% rise from their original rates [4]. Group 3: Conditions and Procedures - The tender offers are subject to a "Financing Condition," which requires the completion of a concurrent offering of new debt securities [6]. - Holders must validly tender their notes by December 15, 2025, to be eligible for the early tender payment [5][6]. - Notes can be withdrawn prior to the withdrawal deadline of December 15, 2025 [6][10]. Group 4: Management and Contacts - BofA Securities is the Lead Dealer Manager for the tender offers, with Citigroup, Deutsche Bank Securities, and TD Securities serving as Co-Dealer Managers [12]. - D.F. King & Co., Inc. is the Information and Tender Agent for the offers [12][13].

Core Points - Pitney Bowes Inc. has announced cash tender offers to purchase up to $75,000,000 aggregate principal amount of its outstanding 6.70% Notes due 2043 and 5.250% Medium-Term Notes due 2037 [1][3] - The tender offers are set to expire on December 19, 2025, unless extended or terminated earlier by the company [2] - The company reserves the right to adjust the maximum tender amount at any time, subject to compliance with applicable law [3][8] Tender Offer Details - The company is offering $21.25 for each $25 principal amount of the 2043 Notes and $767.50 for each $1,000 principal amount of the 2037 Notes [4] - Holders of the notes can withdraw their validly tendered notes until December 12, 2025 [6] - The settlement date for the tender offers is expected to be December 23, 2025, assuming all conditions are met [7] Financing and Fees - The company intends to finance the purchase of the tendered notes with cash on hand [8] - A soliciting dealer fee of $0.125 for each $25 principal amount of 2043 Notes and $5.00 for each $1,000 principal amount of 2037 Notes will be paid to designated retail brokers [9] Management and Agents - BofA Securities has been retained as the Dealer Manager for the tender offers, while Global Bondholder Services Corporation serves as the Information Agent and Tender Agent [10]

Core Viewpoint - Bread Financial Holdings, Inc. has completed its cash tender offers for its senior and subordinated notes, with the offers expiring on August 21, 2025, and details regarding the amounts tendered are provided [1][2]. Group 1: Tender Offer Details - The cash tender offers included the Company's 9.750% Senior Notes due 2029 and 8.375% Fixed-Rate Reset Subordinated Notes due 2035 [1]. - A total of $31,288,000 of the 2029 Notes and $121,000 of the 2035 Notes were validly tendered [2]. - The total outstanding principal amount for the 2029 Notes was $750,012,000, while the 2035 Notes had an outstanding principal of $400,000,000 [2]. Group 2: Financial Considerations - The consideration for the 2029 Notes was $1,070 per $1,000 principal amount, while the 2035 Notes had a consideration of $1,025 per $1,000 principal amount [2]. - The Company accepted $28,402,000 of the 2029 Notes and $121,000 of the 2035 Notes for purchase on the Early Participation Date, with settlement occurring on August 11, 2025 [2]. Group 3: Management and Execution - J.P. Morgan Securities LLC acted as the sole lead dealer manager for the tender offers, with several other firms serving as co-dealer managers [4]. - The tender offers were conducted in accordance with the terms outlined in the Offer to Purchase, and no tenders submitted after the expiration date were valid [2][4]. Group 4: Company Overview - Bread Financial is a tech-forward financial services company that provides payment, lending, and saving solutions to U.S. consumers [8]. - The Company offers general purpose credit cards and savings products, as well as private label and co-brand credit cards for recognized brands in various sectors [8].

Core Viewpoint - Rogers Communications Inc. has announced the results of its cash tender offers for certain series of senior notes, increasing the maximum purchase amount to accept all tendered notes in full, along with a portion of another series [1][3]. Summary by Sections Offers - The tender offers were made under specific terms and conditions, with the expiration date set for July 18, 2025 [2]. - The total principal amount validly tendered was C$2,168,414,000, with no withdrawals prior to the expiration date [3]. Notes Information - The company expects to accept the following amounts of notes: - C$274.4 million of 4.25% Senior Notes due 2049 - C$289.7 million of 2.90% Senior Notes due 2030 - C$340.5 million of 3.30% Senior Notes due 2029 - C$300.0 million of 3.25% Senior Notes due 2029 [12]. Pricing and Settlement - Pricing for the notes is expected to occur on July 21, 2025, with the settlement date anticipated for July 23, 2025 [7][8]. - An accrued coupon payment will also be made for the accepted notes, and interest will cease to accrue on the settlement date [8]. Dealer Managers - The company has appointed Merrill Lynch Canada Inc., RBC Dominion Securities Inc., Scotia Capital Inc., and TD Securities Inc. as joint lead dealer managers for the offers [9].

Core Points - Warner Bros. Discovery, Inc. announced early participation results for its tender offers to purchase outstanding notes and debentures through its subsidiaries [1][2] - The tender offers commenced on June 9, 2025, with a deadline for withdrawal set for June 23, 2025 [2][3] - The company received requisite consents for proposed amendments to the indentures governing the notes by June 13, 2025 [2] Summary by Sections Tender Offers - The tender offers are aimed at purchasing substantially all outstanding notes and debentures for cash [1] - The aggregate principal amount of each series of notes validly tendered and not withdrawn is detailed in a table [4] - The withdrawal deadline for tendered notes was set at 5:00 p.m. on June 23, 2025, after which notes could not be withdrawn except under limited circumstances [3] Participation Results - As of the early tender deadline, various series of notes were tendered, including: - $516,541,000 of 4.900% Senior Notes due 2026 - €463,042,000 of 1.90% Senior Notes due 2027 - $3,780,983,000 of 3.755% Senior Notes due 2027 [4] - The company expects to accept certain notes on a prorated basis due to the aggregate principal amount exceeding the tender caps [12][13][14] Consent Solicitation - The company received requisite consents for proposed amendments to the indentures governing the notes, leading to the execution of supplemental indentures [2] - Holders of notes that were not fully accepted due to proration may receive Amended Notes [12][13][14] Financial Considerations - The total consideration for each series of notes will be determined and publicly announced on June 24, 2025 [11] - The offers will expire at 5:00 p.m. on July 9, 2025, unless extended [11]