Group 1 - Lumen Technologies Inc. rebounded by 3.44% to close at $7.81 after a three-day drop, although it is down 3.7% month-to-date [1] - The company announced the early redemption of its entire note series due in 2029, 2030, and 2031, lifting the previous cap of $1.5 billion [2] - This initiative raised concerns among shareholders regarding potential cash burn and the need for new debt facilities [3] Group 2 - Lumen Technologies plans to raise $1.25 billion through the issuance of senior notes due in 2036, which is $500 million more than initially planned [3][4] - The new notes carry a yield rate of 8.5% and will be used to fund the buyback of the earlier notes [4] - The 2036 notes will be priced at 100% of their aggregate principal amount and are guaranteed by Level 3 Parent, LLC, a wholly owned subsidiary of the company [5]

Group 1 - Lumen Technologies, Inc. (NYSE:LUMN) experienced a decline of 5.13% to close at $7.77, following investor caution regarding its early debt redemption plan [1][2] - The company announced it would redeem all its notes due in 2029, 2030, and 2031, raising concerns among shareholders about potential cash burn and the issuance of new notes [2][3] - Lumen plans to raise $1.25 billion through the issuance of senior notes due in 2036, which is $500 million more than initially planned, with a yield rate of 8.5% [2][3][4] Group 2 - The 2036 notes will be priced at 100% of their aggregate principal amount and are set to mature on January 15, 2036, with guarantees from Level 3 Parent, LLC and certain subsidiaries [4]