10/31/2025 | Press release | Distributed by Public on 10/31/2025 13:58
Cravath represented the initial purchasers in connection with the $2 billion 144A/Reg. S high-yield first lien notes offering of Level 3 Financing, Inc., guaranteed by Level 3 Parent, LLC. Level 3 Financing, Inc. is a direct wholly-owned subsidiary of Level 3 Parent, LLC and indirect wholly-owned subsidiary of Lumen Technologies, Inc., a facilities-based technology and communications company that provides a broad array of integrated products and services. The transaction closed on August 18, 2025.