Lumen Technologies Offers $750 Million Cash Tender Offer
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 20 2026
0mins
Lumen Technologies announced the early results of the previously announced cash tender offers pursuant to which Level 3 Financing, Lumen and Qwest Capital Funding are offering to purchase the outstanding notes, pursuant to, and on the terms and subject to the conditions set forth in, an Offer to Purchase, dated May 6. The notes offered to be purchased in the Tender Offers, listed in the order of priority, are Level 3 Financing's outstanding 4.250% Senior Notes due 2028, 3.625% Senior Notes due 2029, 3.750% Sustainability-Linked Senior Notes due 2029, 3.875% Senior Secured Notes due 2029, 4.875% Second Lien Notes due 2029, 4.500% Second Lien Notes due 2030, 3.875% Second Lien Notes due 2030, and 4.000% Second Lien Notes due 2031, Lumen's outstanding 6.875% Debentures, Series G, due 2028, 4.500% Senior Notes due 2029, and 5.375% Senior Notes due 2029, and QCF's outstanding 6.875% Notes due 2028 up to an aggregate purchase price, excluding accrued and unpaid interest, of $750M. The Withdrawal Deadline has passed and the Existing Group Tender Notes tendered pursuant to the Tender Offers may no longer be withdrawn, except in the limited circumstances described in the Statement. As of 5:00 p.m. ET, on May 19, 2026, approximately $1,411.4M aggregate principal amount of Existing Group Tender Notes were validly tendered and not validly withdrawn, and approximately $765.9M have been accepted for purchase with Total Consideration up to the Aggregate Maximum Tender Cap. The settlement date for Existing Group Tender Notes validly tendered and not validly withdrawn on or prior to the Early Tender Deadline and accepted for purchase is expected to occur on May 21, 2026
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Analyst Views on LUMN
Wall Street analysts forecast LUMN stock price to rise
6 Analyst Rating
0 Buy
5 Hold
1 Sell
Hold
Current: 6.480
Low
7.00
Averages
8.33
High
11.00
Current: 6.480
Low
7.00
Averages
8.33
High
11.00
About LUMN
Lumen Technologies, Inc. is a digital networking services company. The Company is engaged in building fiber network designed to support artificial intelligence (AI), advanced cloud, and edge workloads. It is engaged in providing an array of integrated products and services to its domestic and global business customers and its domestic mass market customers. The Company conducts its operations under four brands: Lumen, which is its flagship brand for serving the enterprise and wholesale markets, including its Private Connectivity Fabric (PCF) network architecture, Lumen Digital products, and its priority services including Edge, Network-as-a-Service and cybersecurity; CenturyLink, which is engaged in providing primarily mass-marketed copper-based communications services, and Black Lotus Labs, which is its cyberthreat research and intelligence arm.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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See More
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See More
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- Cash Flow Guidance Increase: Management raised its free cash flow guidance to $1.9 billion to $2.1 billion, significantly above the previous forecast of $1.2 billion to $1.4 billion, demonstrating stronger financial maneuverability while reducing long-term debt.
See More
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