Lumen launches $750M private debt offering
Nov. 23, 2020 8:16 AM ET|About: Lumen Technologies, Inc. (LUMN)|By: Niloofer Shaikh, SA News Editor
Lumen Technologies (NYSE:LUMN) to offer $750M of fixed-rate, unsecured senior notes in a private offering.
Net proceeds will be used to redeem $500M of outstanding 6.125% Notes due 2053 issued by its subsidiary Qwest Corporation and for general corporate purposes.