NoWay
It's time to play the game
Infatti non ho capito quella frase nella comunicazione di Fineco...
Obbligazioni societarie HIGH YIELD e oltre, verso frontiere inesplorate - Vol. 2
- Creatore Discussione gionmorg
- Data di Inizio
Infatti non ho capito quella frase nella comunicazione di Fineco...
pietro17elettra
Nonno pensionato
Qualcuno ha letto il propetto delle nuove?
manz
Nuovo forumer
Per avere i prospetti occorre prima compilare il modulo adesione, a mio avviso una follia
manz
Nuovo forumer
Io so che le attuali sono senior, mentre non si sa assolutamente un tubo riguardo questa nuova emissione.
De facto, rispetto alla 2039 (che possiedo) propongono una scadenza più breve ovvero 2030 ed una cedola maggiore, ovvero 10% in luogo di 7.6%) proponendo lo scambio di 525 nuove obbligazioni nominali in cambio di 1000 delle precedenti.
Lumen ha un problema di cash flow che la potrebbe mettere in crisi alla prima grossa scadenza, mi par di ricordare 2026 o 2027, per cui se va gambe all'aria sei fregato in entrambi i casi.
A questo punto mi auguro aderiscano in tanti così riesce a dimezzare l'esposizione debitoria....
pietro17elettra
Nonno pensionato
Level 3 Financing, Inc.
ELIGIBILITY LETTER
CONFIDENTIAL
Level 3 Financing, Inc.
Offers to Exchange Outstanding Senior Unsecured Notes Issued by Lumen Technologies, Inc. for the 10.500% Senior Secured Notes due 2030 of Level 3 Financing, Inc. Guaranteed by Level 3 Parent, LLC
March 16, 2023
Level 3 Financing, Inc. (the “Issuer”) is offering to issue up to $1,100,000,000 principal amount of its new 10.500% Senior Secured Notes due 2030 (the “New Notes”) in exchange for validly tendered (and not validly withdrawn) outstanding unsecured senior notes held by Eligible Holders (as defined herein) issued by Lumen Technologies, Inc. (“Lumen”) listed in the table above (the “Lumen Notes”) on the terms and subject to the conditions set forth in the Offering Memorandum dated March 16, 2023.
If you are a beneficial owner (or a person who intends to become a beneficial owner prior to the expiration date of the offers) of the Lumen Notes, or an authorized representative acting on behalf of such a beneficial owner (or a person who intends to become a beneficial owner prior to the expiration date of the offers), that is an “Eligible Holder” (as defined below) and wish to review detailed information relating to our Exchange Offers, please complete the attached Eligibility Certification and return it to Global Bondholder Services Corporation as instructed below, or if completing online at Eligibility, follow the instructions. If you are a beneficial owner (or a person who intends to become a beneficial owner prior to the expiration date of the offers) of Lumen Notes that is not an Eligible Holder, you may not participate in the Exchange Offers and you should not complete the attached Eligibility Certification.
An “Eligible Holder” is a beneficial owner (or a person who intends to become a beneficial owner prior to the expiration date of the offers) that certifies that it is a (a) “qualified institutional buyer” (as defined in Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”)) or (b) non-U.S. person outside the United States (as defined in Rule 902 under the Securities Act) who is a “non-U.S. qualified offeree”, would not be acquiring for the account or benefit of a U.S. person, would be participating in any transaction in accordance with Regulation S. The definitions of “qualified institutional buyer”, “U.S. person” and “non-U.S. qualified offeree” are set forth in Annex A which is expressly made a part hereof. Additional eligibility criteria may apply to holders located in certain other jurisdictions. If you are an Eligible Holder resident in Canada, you are required to also complete, sign and submit a Canadian Certification Form that can be obtained from Global Bondholder Services Corporation.
Please submit your Eligibility Certification and, if applicable, Canadian Certification Form, as soon as possible in order to allow sufficient time for you to review the Offering Memorandum and participate in the Exchange Offers.
This letter is neither an offer nor a solicitation of an offer with respect to the Lumen Notes or the New Notes nor does this letter create any obligation whatsoever on the part of Lumen, the Issuer or any other person to make any offer to the recipient hereof or on the part of the recipient to participate if an offer is made. If and when issued, the New Notes will not be and have not been registered under the Securities Act or any state securities laws. The New Notes may not be offered or sold in the United States or to or for the benefit of any U.S. persons absent registration except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws.
RESPONSES MUST BE RECEIVED NO LATER THAN 5:00 P.M., NEW YORK CITY TIME, ON APRIL 13, 2023. COMPLETED FORMS MUST BE FAXED OR EMAILED TO THE ATTENTION OF Global Bondholder Services Corporation AT (212) 430-3775 (FAX) OR [email protected] (EMAIL). You may direct any questions to Global Bondholder Services Corporation at the following telephone numbers: (855) 654-2014 (U.S. toll-free) or (212) 430-3774 (banks and brokers).
ELIGIBILITY LETTER
CONFIDENTIAL
Level 3 Financing, Inc.
Offers to Exchange Outstanding Senior Unsecured Notes Issued by Lumen Technologies, Inc. for the 10.500% Senior Secured Notes due 2030 of Level 3 Financing, Inc. Guaranteed by Level 3 Parent, LLC
| Title of Lumen Notes | CUSIP Number(s) |
| 5.625% Senior Notes, Series X, due 2025 | 156700AZ9 |
| 7.200% Senior Notes, Series D, due 2025 | 156686AJ6 |
| 5.125% Senior Notes due 2026 | 156700BB1, U1566PAB1 |
| 6.875% Debentures, Series G, due 2028 | 156686AM9 |
| 5.375% Senior Notes due 2029 | 550241AA1, U54985AA1 |
| 4.500% Senior Notes due 2029 | 156700BD7, U1566PAD7 |
| 7.600% Senior Notes, Series P, due 2039 | 156700AM8 |
| 7.650% Senior Notes, Series U, due 2042 | 156700AT3 |
Level 3 Financing, Inc. (the “Issuer”) is offering to issue up to $1,100,000,000 principal amount of its new 10.500% Senior Secured Notes due 2030 (the “New Notes”) in exchange for validly tendered (and not validly withdrawn) outstanding unsecured senior notes held by Eligible Holders (as defined herein) issued by Lumen Technologies, Inc. (“Lumen”) listed in the table above (the “Lumen Notes”) on the terms and subject to the conditions set forth in the Offering Memorandum dated March 16, 2023.
If you are a beneficial owner (or a person who intends to become a beneficial owner prior to the expiration date of the offers) of the Lumen Notes, or an authorized representative acting on behalf of such a beneficial owner (or a person who intends to become a beneficial owner prior to the expiration date of the offers), that is an “Eligible Holder” (as defined below) and wish to review detailed information relating to our Exchange Offers, please complete the attached Eligibility Certification and return it to Global Bondholder Services Corporation as instructed below, or if completing online at Eligibility, follow the instructions. If you are a beneficial owner (or a person who intends to become a beneficial owner prior to the expiration date of the offers) of Lumen Notes that is not an Eligible Holder, you may not participate in the Exchange Offers and you should not complete the attached Eligibility Certification.
An “Eligible Holder” is a beneficial owner (or a person who intends to become a beneficial owner prior to the expiration date of the offers) that certifies that it is a (a) “qualified institutional buyer” (as defined in Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”)) or (b) non-U.S. person outside the United States (as defined in Rule 902 under the Securities Act) who is a “non-U.S. qualified offeree”, would not be acquiring for the account or benefit of a U.S. person, would be participating in any transaction in accordance with Regulation S. The definitions of “qualified institutional buyer”, “U.S. person” and “non-U.S. qualified offeree” are set forth in Annex A which is expressly made a part hereof. Additional eligibility criteria may apply to holders located in certain other jurisdictions. If you are an Eligible Holder resident in Canada, you are required to also complete, sign and submit a Canadian Certification Form that can be obtained from Global Bondholder Services Corporation.
Please submit your Eligibility Certification and, if applicable, Canadian Certification Form, as soon as possible in order to allow sufficient time for you to review the Offering Memorandum and participate in the Exchange Offers.
This letter is neither an offer nor a solicitation of an offer with respect to the Lumen Notes or the New Notes nor does this letter create any obligation whatsoever on the part of Lumen, the Issuer or any other person to make any offer to the recipient hereof or on the part of the recipient to participate if an offer is made. If and when issued, the New Notes will not be and have not been registered under the Securities Act or any state securities laws. The New Notes may not be offered or sold in the United States or to or for the benefit of any U.S. persons absent registration except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws.
RESPONSES MUST BE RECEIVED NO LATER THAN 5:00 P.M., NEW YORK CITY TIME, ON APRIL 13, 2023. COMPLETED FORMS MUST BE FAXED OR EMAILED TO THE ATTENTION OF Global Bondholder Services Corporation AT (212) 430-3775 (FAX) OR [email protected] (EMAIL). You may direct any questions to Global Bondholder Services Corporation at the following telephone numbers: (855) 654-2014 (U.S. toll-free) or (212) 430-3774 (banks and brokers).
fabriziof
Forumer storico
Come non si sa un tubo? la nuova emissione è descritta nel documento postato ieri .Le attuali sono senior unsecured la nuova è senior secured ,cioè più garantita
Exchange Offers for Lumen Senior Notes
Lumen Technologies, Inc. (NYSE: LUMN) ("Lumen") announced that its indirect, wholly owned subsidiary, Level 3 Financing, Inc. (the "Issuer"), has commenced offers to issue senior secured notes in exchange for senior unsecured notes of Lumen. Specifically, the Issuer has commenced offers to issue...
manz
Nuovo forumer
Come non si sa un tubo? la nuova emissione è descritta nel documento postato ieri .Le attuali sono senior unsecured la nuova è senior secured ,cioè più garantita
Exchange Offers for Lumen Senior Notes
Lumen Technologies, Inc. (NYSE: LUMN) ("Lumen") announced that its indirect, wholly owned subsidiary, Level 3 Financing, Inc. (the "Issuer"), has commenced offers to issue senior secured notes in exchange for senior unsecured notes of Lumen. Specifically, the Issuer has commenced offers to issue...ir.centurylink.com
mah
ok daccordo, rimane il fatto che vogliono darti il 50%
Ultima modifica:
fabriziof
Forumer storico
I prezzi sono quelli
fabriziof
Forumer storico
Lumen Technologies: A Breakdown Of The Debt Exchange Offer (NYSE:LUMN)
Last week, Lumen Technologies announced an exchange offer on eight of the company's debt securities. Check out my decision regarding LUMN stock's tender offer.
seekingalpha-com.translate.goog
fabriziof
Forumer storico
Puntano sul timore di default per ritirare un bel po’ di titoli a super sconto dando qualcosa con un recovery più elevato
