Latest news with #Lumen
Business Wire
4 days ago
- Business
- Business Wire
Lumen Technologies, Inc. Announces Upsize and Pricing of First Lien Notes Due 2033
DENVER--(BUSINESS WIRE)-- Lumen Technologies, Inc. ('Lumen', 'us,' 'we' or 'our') (NYSE: LUMN) today announced that its wholly-owned subsidiary, Level 3 Financing, Inc. ('Level 3 Financing'), has agreed to sell $2.0 billion aggregate principal amount of its 6.875% First Lien Notes due 2033 (the 'First Lien Notes'), which represents a $1.0 billion increase from the previously announced size of the offering. The First Lien Notes were priced to investors at par and will mature on June 30, 2033. Upon issuance, Level 3 Financing's obligations under the First Lien Notes will initially be guaranteed and secured on a first lien basis by Level 3 Parent, LLC, the direct parent of Level 3 Financing, and certain unregulated subsidiaries of the Issuer. Level 3 Financing intends to use the net proceeds from the offering, together with cash on hand, to redeem all $924.522 million aggregate principal amount of Level 3 Financing's first lien 10.500% Senior Secured Notes due 2030 and all $667.711 million aggregate principal amount of Level 3 Financing's 10.500% First Lien Notes due 2029, and to partially redeem Level 3 Financing's 11.000% First Lien Notes due 2029, in each case, including payment of redemption premium, and to pay related fees and expenses. The offering is expected to be completed on June 30, 2025, subject to the satisfaction or waiver of customary closing conditions. The First Lien Notes will not be registered under the Securities Act of 1933, as amended (the 'Securities Act'), or any state securities laws in the United States and may not be offered or sold in the United States absent registration or an exemption from the applicable registration requirements. Accordingly, the First Lien Notes are being offered and sold only to persons reasonably believed to be qualified institutional buyers in accordance with Rule 144A promulgated under the Securities Act and to non-U.S. persons outside the United States in accordance with Regulation S promulgated under the Securities Act. Holders of the First Lien Notes will not have registration rights. This press release does not constitute an offer to sell, or a solicitation of an offer to buy, the First Lien Notes, nor will there be any sale of the First Lien Notes in any jurisdiction in which such offer, solicitation or sale would be unlawful. This press release does not constitute a notice of redemption with respect to any of Level 3 Financing's outstanding senior notes. About Lumen Lumen is unleashing the world's digital potential. We ignite business growth by connecting people, data, and applications – quickly, securely, and effortlessly. As the trusted network for AI, Lumen uses the scale of our network to help companies realize AI's full potential. From metro connectivity to long-haul data transport to our edge cloud, security, managed service, and digital platform capabilities, we meet our customers' needs today and as they build for tomorrow. Lumen and Lumen Technologies are registered trademarks of Lumen Technologies LLC in the United States. Forward-Looking Statements Except for historical and factual information, the matters set forth in this release and other of our oral or written statements identified by words such as 'estimates,' 'expects,' 'anticipates,' 'believes,' 'plans,' 'intends,' and similar expressions are forward-looking statements. These forward-looking statements are not guarantees of future results and are based on current expectations only, are inherently speculative, and are subject to a number of assumptions, risks and uncertainties, many of which are beyond our control. Actual events and results may differ materially from those anticipated, estimated, projected or implied by us in those statements if one or more of these risks or uncertainties materialize, or if underlying assumptions prove incorrect. Factors that could affect actual results include, but are not limited to: Level 3 Financing's failure to satisfy the conditions to the initial purchasers' obligation to consummate the offering; corporate developments that could preclude, impair or delay the above-described transactions due to restrictions under the federal securities laws; changes in Level 3 Financing's credit ratings; changes in the cash requirements, financial position, financing plans or investment plans of Level 3 Financing or its affiliates; changes in general market, economic, tax, regulatory or industry conditions that impact the ability or willingness of Level 3 Financing to consummate the above-described transactions on the terms described above or at all; and other risks referenced from time to time in the filings of Lumen or Level 3 Parent, LLC with the Securities and Exchange Commission. We undertake no obligation to publicly update or revise any forward-looking statements for any reason, whether as a result of new information, future events or developments, changed circumstances, or otherwise. We may change our intentions, strategies or plans (including our plans expressed herein) without notice at any time and for any reason.
Yahoo
4 days ago
- Business
- Yahoo
Lumen Technologies, Inc. Announces Upsize and Pricing of First Lien Notes Due 2033
DENVER, June 16, 2025--(BUSINESS WIRE)--Lumen Technologies, Inc. ("Lumen", "us," "we" or "our") (NYSE: LUMN) today announced that its wholly-owned subsidiary, Level 3 Financing, Inc. ("Level 3 Financing"), has agreed to sell $2.0 billion aggregate principal amount of its 6.875% First Lien Notes due 2033 (the "First Lien Notes"), which represents a $1.0 billion increase from the previously announced size of the offering. The First Lien Notes were priced to investors at par and will mature on June 30, 2033. Upon issuance, Level 3 Financing's obligations under the First Lien Notes will initially be guaranteed and secured on a first lien basis by Level 3 Parent, LLC, the direct parent of Level 3 Financing, and certain unregulated subsidiaries of the Issuer. Level 3 Financing intends to use the net proceeds from the offering, together with cash on hand, to redeem all $924.522 million aggregate principal amount of Level 3 Financing's first lien 10.500% Senior Secured Notes due 2030 and all $667.711 million aggregate principal amount of Level 3 Financing's 10.500% First Lien Notes due 2029, and to partially redeem Level 3 Financing's 11.000% First Lien Notes due 2029, in each case, including payment of redemption premium, and to pay related fees and expenses. The offering is expected to be completed on June 30, 2025, subject to the satisfaction or waiver of customary closing conditions. The First Lien Notes will not be registered under the Securities Act of 1933, as amended (the "Securities Act"), or any state securities laws in the United States and may not be offered or sold in the United States absent registration or an exemption from the applicable registration requirements. Accordingly, the First Lien Notes are being offered and sold only to persons reasonably believed to be qualified institutional buyers in accordance with Rule 144A promulgated under the Securities Act and to non-U.S. persons outside the United States in accordance with Regulation S promulgated under the Securities Act. Holders of the First Lien Notes will not have registration rights. This press release does not constitute an offer to sell, or a solicitation of an offer to buy, the First Lien Notes, nor will there be any sale of the First Lien Notes in any jurisdiction in which such offer, solicitation or sale would be unlawful. This press release does not constitute a notice of redemption with respect to any of Level 3 Financing's outstanding senior notes. About Lumen Lumen is unleashing the world's digital potential. We ignite business growth by connecting people, data, and applications – quickly, securely, and effortlessly. As the trusted network for AI, Lumen uses the scale of our network to help companies realize AI's full potential. From metro connectivity to long-haul data transport to our edge cloud, security, managed service, and digital platform capabilities, we meet our customers' needs today and as they build for tomorrow. Lumen and Lumen Technologies are registered trademarks of Lumen Technologies LLC in the United States. Forward-Looking Statements Except for historical and factual information, the matters set forth in this release and other of our oral or written statements identified by words such as "estimates," "expects," "anticipates," "believes," "plans," "intends," and similar expressions are forward-looking statements. These forward-looking statements are not guarantees of future results and are based on current expectations only, are inherently speculative, and are subject to a number of assumptions, risks and uncertainties, many of which are beyond our control. Actual events and results may differ materially from those anticipated, estimated, projected or implied by us in those statements if one or more of these risks or uncertainties materialize, or if underlying assumptions prove incorrect. Factors that could affect actual results include, but are not limited to: Level 3 Financing's failure to satisfy the conditions to the initial purchasers' obligation to consummate the offering; corporate developments that could preclude, impair or delay the above-described transactions due to restrictions under the federal securities laws; changes in Level 3 Financing's credit ratings; changes in the cash requirements, financial position, financing plans or investment plans of Level 3 Financing or its affiliates; changes in general market, economic, tax, regulatory or industry conditions that impact the ability or willingness of Level 3 Financing to consummate the above-described transactions on the terms described above or at all; and other risks referenced from time to time in the filings of Lumen or Level 3 Parent, LLC with the Securities and Exchange Commission. We undertake no obligation to publicly update or revise any forward-looking statements for any reason, whether as a result of new information, future events or developments, changed circumstances, or otherwise. We may change our intentions, strategies or plans (including our plans expressed herein) without notice at any time and for any reason. View source version on Contacts Media Contact: Joe +1 781-799-6048 Investor Contact: Jim Breen, +1 603-404-7003 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
4 days ago
- Business
- Business Wire
Lumen Technologies, Inc. Announces Offering of First Lien Notes Due 2033
DENVER--(BUSINESS WIRE)-- Lumen Technologies, Inc. ('Lumen', 'us,' 'we' or 'our') (NYSE: LUMN) today announced that its wholly-owned subsidiary, Level 3 Financing, Inc. ('Level 3 Financing'), plans to offer $1.0 billion aggregate principal amount of First Lien Notes due 2033 (the 'First Lien Notes'). Level 3 Financing intends to use the net proceeds from the offering, together with cash on hand, to redeem all $924.522 million aggregate principal amount of Level 3 Financing's first lien 10.500% Senior Secured Notes due 2030 (the '2030 Notes'), including payment of redemption premium, and to pay related fees and expenses. The First Lien Notes will not be registered under the Securities Act of 1933 (the 'Securities Act') or any state securities laws in the United States and may not be offered or sold in the United States absent registration or an exemption from the applicable registration requirements. Accordingly, the First Lien Notes are being offered and sold only to persons reasonably believed to be qualified institutional buyers in accordance with Rule 144A promulgated under the Securities Act and to non-U.S. persons outside the United States in accordance with Regulation S promulgated under the Securities Act. The First Lien Notes will not have registration rights. This press release does not constitute an offer to sell, or a solicitation of an offer to buy, the First Lien Notes, nor will there be any sale of the First Lien Notes in any jurisdiction in which such offer, solicitation or sale would be unlawful. This press release does not constitute a notice of redemption with respect to any of Level 3 Financing's outstanding senior notes. About Lumen Lumen is unleashing the world's digital potential. We ignite business growth by connecting people, data, and applications – quickly, securely, and effortlessly. As the trusted network for AI, Lumen uses the scale of our network to help companies realize AI's full potential. From metro connectivity to long-haul data transport to our edge cloud, security, managed service, and digital platform capabilities, we meet our customers' needs today and as they build for tomorrow. Lumen and Lumen Technologies are registered trademarks of Lumen Technologies LLC in the United States. Forward-Looking Statements Except for historical and factual information, the matters set forth in this release and other of our oral or written statements identified by words such as 'estimates,' 'expects,' 'anticipates,' 'believes,' 'plans,' 'intends,' and similar expressions are forward-looking statements. These forward-looking statements are not guarantees of future results and are based on current expectations only, are inherently speculative, and are subject to a number of assumptions, risks and uncertainties, many of which are beyond our control. Actual events and results may differ materially from those anticipated, estimated, projected or implied by us in those statements if one or more of these risks or uncertainties materialize, or if underlying assumptions prove incorrect. Factors that could affect actual results include, but are not limited to: the possibility that potential debt investors will not be receptive to the offering on the terms described above or at all; corporate developments that could preclude, impair or delay the above-described transactions due to restrictions under the federal securities laws; changes in Level 3 Financing's credit ratings; changes in the cash requirements, financial position, financing plans or investment plans of Level 3 Financing or its affiliates; changes in general market, economic, tax, regulatory or industry conditions that impact the ability or willingness of Level 3 Financing or its affiliates to consummate the above-described transactions on the terms described above or at all; and other risks referenced from time to time in the filings of Lumen or Level 3 Parent, LLC with the Securities and Exchange Commission. We undertake no obligation to publicly update or revise any forward-looking statements for any reason, whether as a result of new information, future events or developments, changed circumstances, or otherwise. We may change our intentions, strategies or plans (including our plans expressed herein) without notice at any time and for any reason.
Business Wire
5 days ago
- Business
- Business Wire
Lumen Technologies Scales B2B Personalization with Generative AI Innovations in Adobe GenStudio
SAN JOSE, Calif.--(BUSINESS WIRE)--Today, Adobe (Nasdaq:ADBE) announced that enterprise digital networking company Lumen Technologies is embracing Adobe GenStudio to activate generative AI across their organization, shortening the time it takes to deliver personalized business-to-business (B2B) marketing campaigns. Engaging B2B decision makers, who influence major technology investments in their organizations, requires interactions that are highly tailored to their industry, persona and stage in the buying journey. By leveraging GenStudio—Adobe's end-to-end content supply chain solution that optimizes the way marketers and creatives plan, create, manage, activate and measure campaign content—Lumen can scale personalization with AI by dramatically increasing the production of on-brand, contextually relevant content. 'Our early investment in fiber infrastructure has positioned Lumen as a trusted partner in powering AI adoption across industries—delivering the secure, scalable, high-performance connectivity our customers need,' said Ryan Asdourian, Chief Marketing and Strategy Officer at Lumen Technologies. 'Personalization is at the heart of our marketing strategy, and GenStudio is helping us move faster and smarter. By bringing together creativity, AI, and automation, Adobe enables our teams to produce high-impact content at scale—content that resonates, performs, and drives results.' 'B2B marketing operates within long and complex sales cycles, where contextually relevant content experiences play an important role in deal progression,' said Varun Parmar, general manager, Adobe GenStudio and Firefly Enterprise. 'As the demand for content rises across channels such as social media, Adobe GenStudio provides a set of integrated AI solutions that alleviate the pressure on Lumen marketers and creatives, scaling on-brand experiences that cater to the unique needs of individual decision makers.' Redefining Marketing Campaigns with Generative AI The first interaction that Lumen has with a customer often happens on a digital channel such as social media or email. With multiple touchpoints across a customer journey, thousands of assets have to be created every week to nurture prospects and create high-quality pipeline. Adobe GenStudio enables Lumen to address this challenge by driving more efficient workflows across teams, bringing together creatives that define the foundational requirements of a brand, with marketers that need to activate and optimize variations at scale across channels. Lumen is adopting GenStudio solutions including GenStudio for Performance Marketing, a generative AI-first application that enables teams to quickly create on-brand campaign content for paid social ads, display ads, banners, marketing emails and more. Leveraging persona-based messaging and on-brand design assets, jointly developed between the creative and marketing teams, the company can instantly create content variations for channels such as LinkedIn, Meta and display advertising. This includes AI-generated copy that is tailored to specific audience personas, as well as Adobe Firefly for generating campaign imagery. By integrating Custom Models, which enables teams to train Firefly with their own IP, marketers can scale content production while adhering to brand guidelines defined by creatives. This has dramatically shortened the time it takes to launch campaigns. What once took 25 days from concept to launch can now be done 3 times faster—down to 9 days—with GenStudio for Performance Marketing. The time it takes to create four ad variations for Meta properties across 2 target personas, for instance, was reduced by 65%. Across the 10 industries that Lumen serves, teams can increase the number of touchpoints with B2B decision makers and boost engagement. GenStudio for Performance Marketing also provides performance insights down to the attribute level (colors, objects, locations) for teams to make real-time adjustments to content that drives better results. Optimizing the Lumen Content Supply Chain Adobe GenStudio provides Lumen a single destination for teams to collaborate in real time, generate campaign assets, test creative and adapt campaigns with greater speed, simplifying the web of disconnected workflows, teams and systems that often lead to breakdowns in a businesses' content supply chain. GenStudio solutions including Adobe Workfront (Lumen's work management hub) automatically ingest marketing campaign assets for legal and brand approvals—creating a seamless approval workflow. Lumen is also adopting Adobe Express, the quick and easy app that empowers marketing and creative leaders to reinforce brand integrity, enabling more individuals to easily create and customize content variations they need to drive business outcomes. Lumen is delivering greater organizational agility with Adobe GenStudio, empowering teams to focus on ideas that truly move the business forward. Marketers and creatives at the company are reinventing how they work, democratizing access to generative AI tools that scale content production while preserving quality and consistency. Teams are more data driven in the process as well, leaning on real time performance insights to refine campaigns and make quick adjustments. As generative AI impacts every industry, Lumen is demonstrating the value it brings to the next phase of B2B marketing. To learn more about how Lumen Technologies is leveraging Adobe GenStudio solutions, visit here. About Adobe Adobe is changing the world through digital experiences. For more information, visit © 2025 Adobe. All rights reserved. Adobe and the Adobe logo are either registered trademarks or trademarks of Adobe in the United States and/or other countries. All other trademarks are the property of their respective owners.
Globe and Mail
11-06-2025
- Business
- Globe and Mail
T Accelerates Fiber Network Expansion: Will it Boost Competitive Edge?
AT&T, Inc. T recently announced that its fiber broadband network has reached 30 million consumer and business locations across the United States. The major milestone was realized ahead of schedule. This is a major step toward achieving its long-term goal of 60 million fiber locations by 2030. AT&T's industry-leading fiber capabilities and steady investment in fiber infrastructure have become key enablers of economic growth and innovation in several sectors, including healthcare and education. During 2020-2024, the company has invested $145 billion in wireline and wireless network expansion. Since 2020, AT&T has aggressively expanded its fiber locations and added 5.7 million fiber customers. To expand its fiber footprint, the company has taken a multi-dimensional approach, which includes growing and improving its in-region fiber network, public-private partnerships, commercial open access agreements and strategic acquisitions. The acquisition of Lumen's fiber business will add 1 million fiber customers and 4 million fiber locations across 11 U.S. states. Its customer-oriented approach is a major advantage. It's the first and only carrier in the industry to introduce a customer guarantee for both wireless and fiber networks. AT&T Guarantee offers proactive bill credits to customers in case of fiber downtime lasting 20 minutes or more and wireless downtime lasting 60 minutes or more. Multi-gigabit speed, built-in security, optimal in-home coverage and availability of integrated fiber and 5G connectivity plans are enhancing customer experience. With its strong network architecture expertise, size and scale, cost-effective growth path and an agile go-to-market approach, the company is expected to gain a substantial customer base in the upcoming years. In the first quarter of 2025, AT&T added 261,000 fiber customers. Per our estimate, fiber net adds are expected to reach 1,048,000 by the end of 2025, indicating 2.4% year-over-year growth. How Are Competitors Faring? AT&T faces competition from Verizon Communications, Inc. VZ and Charter Communications CHTR in the fiber broadband space. Verizon Fios has a strong presence in the Northeast U.S. states, offering high-speed Internet and TV services. In the first quarter, the company recorded 41,000 Fios Internet net additions as high demand for reliable fiber optic broadband was spurred by higher video consumption. Through the acquisition of Frontier Communications, Verizon is set to gain access to Frontier's 2.2 million fiber subscribers across 25 states. This will significantly expand Verizon's fiber footprint. Charter Communications has a strong nationwide presence. The company has undertaken a multi-year rural construction initiative, investing $7 billion in this program. The program intends to add an additional 100,000+ miles of fiber-optic network infrastructure and provide symmetrical, multi-gigabit speed across 1.7 million new locations. Such initiatives will significantly bolster Charter's competitive edge. T's Price Performance, Valuation and Estimates AT&T has gained 61.4% over the past year compared with the Wireless National industry's growth of 31.8%. Image Source: Zacks Investment Research Going by the price/earnings ratio, the company's shares currently trade at 13.25 forward earnings, lower than 13.65 of the industry but above its mean of 10.36. It carries a Value Score of B. Image Source: Zacks Investment Research AT&T is currently witnessing a downtrend in estimate revisions. Earnings estimates for 2025 have declined 3.27% to $2.07 over the past 60 days, while the same for 2026 has decreased 0.88% to $2.24. Image Source: Zacks Investment Research AT&T currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Zacks' Research Chief Names "Stock Most Likely to Double" Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest. This top pick is a little-known satellite-based communications firm. Space is projected to become a trillion dollar industry, and this company's customer base is growing fast. Analysts have forecasted a major revenue breakout in 2025. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Hims & Hers Health, which shot up +209%. Free: See Our Top Stock And 4 Runners Up Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. AT&T Inc. (T): Free Stock Analysis Report Verizon Communications Inc. (VZ): Free Stock Analysis Report Charter Communications, Inc. (CHTR): Free Stock Analysis Report
