10:24 AM EDT, 06/16/2025 (MT Newswires) -- Lumen Technologies ( LUMN ) said Monday its Level 3 Financing subsidiary plans to offer $1 billion of first lien notes due 2033.

The subsidiary will use the net proceeds from the offering, plus cash, to redeem about $924.5 million of Level 3's first lien 10.5% senior secured notes due 2030, the company said.

Shares were up 4.2% in recent trading.

Price: 4.21, Change: +0.17, Percent Change: +4.16