Tue 07/11/2023 14:27 PM
Relevant Items:Debt Document Summaries; Subsidiary ListDebt Documents
There is market chatter that Lumen subsidiary Level 3’s sale of its Latin American business in August 2022 and its subsequent use of proceeds to pay down unsecured debt caused an event of default, according to sources. This article briefly analyzes these claims.
When Level 3
sold its Latin American assets, it received cash proceeds of $2.7 billion. Subsequent to the close of the sale, during the third quarter of 2022 the...
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