DENVER, June 2, 2021 /PRNewswire/ — Lumen Technologies (NYSE: LUMN) introduced that it has agreed to promote $1.0 billion combination principal quantity of its unsecured 5.375% Senior Notes due 2029 (the “2029 Notes”) pursuant to the non-public providing introduced earlier right now.
The 2029 Notes have been priced to buyers at par and can mature on June 15, 2029.
Lumen plans to make use of the web proceeds from the providing, along with money available, for common company functions, together with decreasing its indebtedness by repaying at maturity its excellent 6.45% Senior Notes, Sequence S, due 2021. The providing is anticipated to be accomplished on June 15, 2021, topic to the satisfaction or waiver of customary closing situations.
The 2029 Notes won’t be registered below the Securities Act of 1933, as amended (the “Securities Act”), or any state securities legal guidelines in america and is probably not supplied or offered in america absent registration or an exemption from the relevant registration necessities. Accordingly, the 2029 Notes are being supplied and offered solely to individuals moderately believed to be certified institutional consumers in accordance with Rule 144A promulgated below the Securities Act and to non-U.S. individuals exterior america in accordance with Regulation S promulgated below the Securities Act. The 2029 Notes won’t have registration rights.
This press launch doesn’t represent a proposal to promote, or a solicitation of a proposal to purchase, the 2029 Notes, nor will there be any sale of the 2029 Notes in any jurisdiction during which such provide, solicitation or sale can be illegal.
Lumen is guided by our perception that humanity is at its finest when know-how advances the way in which we dwell and work. With roughly 450,000 route fiber miles and serving clients in additional than 60 international locations, we ship the quickest, most safe platform for functions and knowledge to assist companies, authorities and communities ship superb experiences.
Lumen and Lumen Applied sciences are registered United States logos of CenturyLink Communications LLC (doing enterprise as Lumen Applied sciences Group), which is a wholly-owned subsidiary of Lumen Applied sciences, Inc.
Apart from historic and factual info, the issues set forth on this launch and different of our oral or written statements recognized by phrases reminiscent of “estimates,” “expects,” “anticipates,” “believes,” “plans,” “intends,” and related expressions are forward-looking statements. These forward-looking statements should not ensures of future outcomes and are primarily based on present expectations solely, are inherently speculative, and are topic to various assumptions, dangers and uncertainties, lots of that are past our management. Precise occasions and outcomes could differ materially from these anticipated, estimated, projected or implied by us in these statements if a number of of those dangers or uncertainties materialize, or if underlying assumptions show incorrect. Components that might have an effect on precise outcomes embrace, however should not restricted to, our failure to fulfill the situations to the preliminary purchasers’ obligation to consummate the providing; company developments that might preclude, impair or delay the above-described transactions attributable to restrictions below the federal securities legal guidelines; adjustments in our credit score scores; adjustments in our money necessities, monetary place, financing plans or funding plans; adjustments typically market, financial, tax, regulatory or trade situations that influence our capability or willingness to consummate the above-described transactions on the phrases described above or in any respect; and different dangers referenced on occasion in our filings with the Securities and Alternate Fee (“SEC”). For all the explanations set forth above and in our SEC filings, you’re cautioned to not unduly depend on our forward-looking statements, which communicate solely as of the date made. We undertake no obligation to publicly replace or revise any forward-looking statements for any cause, whether or not on account of new info, future occasions or developments, modified circumstances, or in any other case. Moreover, any details about our intentions contained in any of our forward-looking statements displays our intentions as of the date of such forward-looking assertion, and is predicated upon, amongst different issues, present regulatory, technological, trade, aggressive, financial and market situations, and our assumptions as of such date. We could change our intentions, methods or plans (together with our plans expressed herein) with out discover at any time and for any cause.
SOURCE Lumen Applied sciences