NEW ORLEANS, Louisiana, Jan. 15, 2021 / PRNewswire / – This week Lumen Technologies (formerly CenturyLink), a technology company headquartered in Monroe, Louisiana, became the second nationwide company to issue sustainability bonds .
Jones Walker represented Lumen Technologies and its wholly owned subsidiary, Level 3 Financing Inc., in its inaugural offering of $ 900 million of 3.750% senior sustainability notes due 2029, which will allow interest rate increases if Lumen Technologies fails to meet its greenhouse gas emissions reduction targets.
Lumen Technologies is the first national company to issue sustainability bonds that will pay interest at one of three different levels rather than two, depending on the achievement of their sustainability goals. Lumen Technologies’ comprehensive offering is aligned with its commitment to environmental, social and governance (ESG) initiatives.
Jones Walker’s legal team, led by Ken Najder, included Amy Scafidel,…
- According to the source Jones Walker represents Lumen Technologies on its inaugural sustainability bond issue
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