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Lumen to sell USD 1 bln worth of notes

Tuesday 24 November 2020 | 09:07 CET | News
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Lumen Technologies has agreed to sell USD 1 billion worth of unsecured 4.500 percent senior notes due 2029, an increase from the initially announced USD 750 million. The notes will mature on 15 January 2029. Money raised from the transaction will be used to redeem all USD 775 million worth of outstanding 6.125 percent notes due 2053 issued by subsidiary Qwest Corporation. Anything left over will go towards general corporate purposes, including reducing Lumen's revolving or other debt.

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Categories: Fixed
Companies: CenturyLink / Lumen / Qwest
Countries: United States
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