Lumen Announces Early Tender Results – QNT Press Release


DENVER, Aug. 5, 2022 /PRNewswire/ — Lumen Technologies, Inc. (NYSE:LUMN) (the “Company” or “Lumen”) announced today the results to date of its and its wholly owned subsidiaries’ previously-announced cash tender offers for (i) any and all of the outstanding 5.375% Senior Notes due 2025 (the ” 2025 Notes”) and 5.250% Senior Notes due 2026 (the “2026 Notes” and, together with the 2025 Notes, the “Any and All Notes”) of Level 3 Financing, Inc. (“Level 3 Financing”) (collectively, the “Any and All Tender Offers”) and (ii) the outstanding 7.125% Senior Notes due 2023 (the “2023 Notes”) and 8.375% Senior Notes due 2025 (the “8.375% 2025 Notes” and, together with the 2023 Notes , the “Embarq Notes”) of Embarq Florida, Inc. (“Embarq Florida”) and the Company’s outstanding 5.125% Senior Notes due 2026 (the “Lumen Notes” and, together with the Embarq Notes, the “Maximum Tender Notes” and together with the Any and All Notes, the “Notes”) (collectively, the “Maximum Tender Offers” and, together with the Any and All Tender Offers, the “Tender Offers”), each of which is s subject to the limitations, restrictions, terms and conditions set forth in the Company’s Offer to Purchase and Consent Solicitation Statement dated July 25, 2022 (the “Offer to Purchase and Solicitation Statement”). According to information received from Global Bondholder Services Corporation, the Company’s tender agent and information agent for the Tender Offers, the tables below set forth the aggregate principal amount of each series of Notes that were validly tendered and not validly withdrawn on or prior to 5:00 pm, New York City time, on August 5, 2022 (such date and time, the “Early Tender Date”).

Any and All Tender Offers

Title of Notes

Issuer and Offeror

CUSIP
Number(s)(1)

Aggregate
principal
Amount
Outstanding
Prior to the
Tender Offers

Aggregate
principal
Amount

Tendered

as of the

Early Tender

Date

Any and All
Tender Offer
Consideration(2)

Any and All Tender
Early Tender
Premium(2)

Any and All Tender
Total
Consideration(2)(3)

5.375% Senior Notes due 2025

Level 3 Financing, Inc.

527298BH5

$800,000,000

$227,169,000

$950

$50

$1,000

5.250% Senior Notes due 2026

Level 3 Financing, Inc.

527298BM4

$775,000,000

$152,140,000

$940

$50

$990

(1) No representation is made as to the correctness or accuracy of the CUSIP numbers. They are provided solely for the convenience of holders of the Notes.

(2) Per $1,000 principal amount of Notes validly tendered (and not validly withdrawn) and accepted for purchase by the offeror. Excludes Accrued Interest (as defined in the Offer to Purchase and Solicitation Statement), which will be paid on Notes accepted for purchase by the offeror as described below.

(3) Includes the Any and All Tender Early Tender Premium (as defined in the Offer to Purchase and Solicitation Statement) for Notes validly tendered prior to the Early Tender Date (and not validly withdrawn) and accepted for purchase by the offeror.

Maximum Tender Offers
(Subject to the Aggregate Maximum Tender Amount)

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