Lumen Technologies to pay down revolver with proceeds of notes

By Sara Rosenberg

New York, Nov. 23 – Lumen Technologies Inc. plans to repay $225 million of its revolving credit facility borrowings using proceeds from a $1 billion senior notes offering, according to a market source.

Remaining proceeds from the notes will be used to refinance all of the company’s $775 million 6 1/8% Qwest Corp. notes due 2053.

Lumen, formerly known as CenturyLink Inc., is a Monroe, La.-based enterprise technology platform.

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