Lumen Announces (1) Expiration and Results of Certain Previously-Announced Cash Tender Offers of Lumen and Level 3 and (2) Amendments to the Remaining Previously-Announced Cash Tender Offers to Increa

• Results are set forth below for (i) Lumen’s tender offers for its unsecured senior notes maturing in 2025, 2026 and 2027 and (ii) Level 3’s tender offers for its unsecured senior notes maturing in 2027
• Amended terms are set forth below for (i) Lumen’s tender offer for its unsecured senior notes maturing in 2028 and (ii) Level 3’s tender offer for its unsecured senior notes maturing in 2028

DENVER, Nov. 19, 2024 /PRNewswire/ —  Lumen Technologies, Inc. (NYSE: LUMN) (the “Company” or “Lumen“) announced today (1) the expiration and results of certain of the previously-announced cash tender offers (each, an “Expired Offer” and collectively, the “Expired Offers“) of it and its indirect, wholly-owned subsidiary Level 3 Financing, Inc. (“Level 3” and, together with Lumen, the “Offerors“), and (2) amendments to increase the tender offer consideration for each Offeror’s outstanding unsecured notes maturing in 2028 and extend the Expiration Time for the Amended Offers (as defined below) (collectively, with the Expired Offers, the “Offers“).

Results of Below-Specified Expired Cash Tender Offers

The Offers of Lumen and Level 3 to purchase any and all of their respective outstanding unsecured notes identified in the table below (collectively, the “Expired Offer Notes“) pursuant to the terms and subject to the conditions set forth in an Offer to Purchase, including the related Notice of Guaranteed Delivery attached as Appendix A thereto (the “Notice of Guaranteed Delivery“), dated November 12, 2024 (collectively, as amended by this press release, the “Offer to Purchase“) expired at 5:00 p.m., New York City time, on November 18, 2024 (such date and time, the “Original Expiration Time“). Withdrawal rights for such Offers expired at the Original Expiration Time.

The table below sets forth the aggregate principal amount of each series of Expired Offer Notes that were validly tendered and not validly withdrawn at or prior to the Original Expiration Time, according to information received from the tender and information agent for the Offers.