Latham & Watkins Represents Lumen Technologies in US$2 Billion First Lien Notes Offering

As part of an ongoing financial strategy to strengthen its capital structure and accelerate its transformation into a leading digital network services company, Lumen Technologies, Inc. (NYSE: LUMN) announced that its wholly owned subsidiary, Level 3 Financing, Inc., has closed its previously announced offering of US$2 billion aggregate principal amount of 6.875% First Lien Notes due 2033. 

Latham & Watkins LLP represented Lumen in the transaction with a Capital Markets and Liability Management team led by partners John Sobolewski and Benjamin Stern, with associates Shawn Quinn, Gabriella Tang, and Sam Pannone, and a Banking team led by partner Kendra Kocovsky, with associate Ben Bussmann and assistance from Amrita Mukherjee. Advice was also provided on tax matters by partner Katharine Moir, with associate Dennis Poehland.