08:13 AM EDT, 09/04/2025 (MT Newswires) -- Lumen Technologies ( LUMN ) said Thursday that its subsidiary, Level 3 Financing, plans to offer an additional $425 million of its 7% first lien notes due 2034.

The company stated that the notes are being offered as a further issuance of the $2 billion 7% first lien notes originally issued on August 18. The notes will form a single series and have the same terms.

Lumen Technologies ( LUMN ) further said it plans to use the net proceeds, together with cash on hand, to redeem all $373 million of Level 3 Financing's 10.75% first lien notes due 2030.