04:55 AM EDT, 08/05/2025 (MT Newswires) -- Lumen Technologies ( LUMN ) said late Monday its Level 3 Financing unit priced a $2 billion offering of 7% first lien notes due March 31, 2034, at par.

The offering was upsized by $750 million.

The company expects the offering to close Aug. 18 and plans to use the net proceeds, along with cash on hand, to fully redeem the roughly $1.41 billion of its 11% first lien notes due 2029, among other things.