Lumen Technologies and its subsidiary Qwest entered a support agreement with certain noteholders to tender around $456 million of old notes in previously announced exchange offers, the company said.
- Supporting noteholders agreed to tender approx. $296.5 million of existing 2056 notes
- Supporting noteholders agreed to tender approx. $159.5 million of existing 2057 notes
- Tender deadline for supporting noteholders is June 2 at 5pm
- Qwest will issue new 6.500% notes due 2051 and 6.750% notes due 2052
- New notes will be exchanged on a par-for-par basis with old notes
- Lumen will fully and unconditionally guarantee the new notes on unsecured basis ...
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