05:38 PM EDT, 09/03/2024 (MT Newswires) -- Lumen Technologies ( LUMN ) said late Tuesday it has launched exchange offers to give newly issued superpriority senior secured notes for certain outstanding unsecured senior notes.

The company is offering to exchange 5.125% senior notes due 2026 for newly issued 10% senior secured notes due 2032 and cash consideration, along with 4% senior secured notes due 2027, 6.875% debentures series G due 2028 and 4.5% senior notes due 2029 for new notes.

Additionally, the company's Level 3 Financing unit is offering to exchange 3.4% senior secured notes due 2027 for newly issued 10% second lien notes due 2032, along with 4.625% senior notes due 2027 and 4.250% senior notes due 2028 for new Level 3 notes.

Early tender for the exchange offers is on Sept. 16, with an expiration date of Oct. 1, unless extended or terminated, Lumen said.

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