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

Lumen Technologies, Inc. (NYSE: LUMN) has announced that its wholly owned subsidiary, Level 3 Financing, Inc., has closed its previously announced offering of US$2.0 billion aggregate principal amount of 7.000% first lien notes due 2034. This latest transaction is part of Lumen’s ongoing financial strategy to simplify its capital structure, extend maturities, and lower overall borrowing cost — resulting in meaningful interest expense savings and greater financial flexibility. These steps strengthen the company’s ability to deliver the high-performance, secure, and agile digital network services that enterprises and public sector organizations need to unlock the full potential of AI.

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 Samantha Pannone, and a banking team led by partner Kendra Kocovsky, with associates Amrita Mukherjee and Ben Bussmann. Advice was also provided on tax matters by partner Katharine Moir, with associate Dennis Poehland.