Latham & Watkins Advised Lumen Technologies in US$2 Billion First Lien Notes Offering

Latham & Watkins advised Lumen Technologies in US$2 Billion First Lien Notes Offering

Latham & Watkins advised Lumen Technologies, Inc. (NYSE: LUMN) in relation to the US$2.0 billion aggregate principal amount of 7.000% first lien notes due 2034 issued by its wholly owned subsidiary, Level 3 Financing, Inc. This transaction is part of Lumen’s ongoing financial strategy to simplify its capital structure, extend maturities, and lower overall borrowing costs—resulting in meaningful interest expense savings and greater financial flexibility. These steps strengthen the company’s ability to deliver high-performance, secure, and agile digital network services that enterprises and public sector organizations need to unlock the full potential of AI.

The Latham & Watkins team advising on the transaction included John Sobolewski (Partner) and Benjamin Stern (Partner), with support from Shawn Quinn (Associate), Gabriella Tang (Associate), and Samantha Pannone (Associate). The banking team was led by Kendra Kocovsky (Partner), with support from Amrita Mukherjee (Associate) and Ben Bussmann (Associate). Tax advice was provided by Katharine Moir (Partner) and Dennis Poehland (Associate).

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