05:47 PM EDT, 06/16/2025 (MT Newswires) -- Lumen Technologies ( LUMN ) said its Level 3 Financing unit priced an upsized $2 billion offering of 6.875% first lien notes due 2033, doubling the initial amount.

Net proceeds from the notes priced at par will be used to redeem $924.5 million in first lien 10.5% senior notes due 2030 and $667.7 million of 10.5% notes due 2029, Lumen said Monday in a statement.

Level 3 Financing also plans to partially redeem its 11% first lien notes due 2029.

The offering is expected to close June 30.