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NEW ORLEANS, La., Jan. 15, 2021 /PRNewswire/ — This week, Lumen Applied sciences (previously CenturyLink), a know-how firm headquartered in Monroe, Louisiana, turned solely the second home firm to difficulty sustainability-linked bonds.
Jones Walker represented Lumen Applied sciences and its wholly-owned subsidiary, Degree 3 Financing Inc., in its inaugural providing of $900 million of three.750% Sustainability-Linked Senior Notes due 2029, which is able to present for rate of interest will increase if Lumen Applied sciences fails to realize its targets for lowering greenhouse gasoline emissions.
Lumen Applied sciences is the primary home firm to difficulty sustainability-linked bonds that may pay curiosity at one in every of three various ranges reasonably than two, relying on the achievement of their sustainability targets. Lumen Applied sciences’ accomplished providing is aligned with its dedication to environmental, social, and governance (ESG) initiatives.
The Jones Walker authorized staff, led by Ken Najder, included Amy Scafidel, Alex Layfield, Blake Fulton, and Thomas Kimball. Working in shut collaboration with Lumen’s authorized, treasury, and ESG groups, the Jones Walker staff drafted all of the indenture provisions and disclosures pertaining to the bonds’ novel sustainability-linked options, along with dealing with all different work related to appearing as issuer’s counsel for the providing.
About Jones Walker
Jones Walker LLP (joneswalker.com) is among the many largest 120 legislation corporations in america. With workplaces in Alabama, Arizona, the District of Columbia, Florida, Georgia, Louisiana, Mississippi, New York, and Texas, we serve native, regional, nationwide, and worldwide enterprise pursuits. The agency is dedicated to offering a complete vary of authorized providers to main multinational, private and non-private companies, Fortune® 500 firms, cash middle banks, worldwide insurers, and rising firms doing enterprise in america and overseas.
About Lumen
Lumen is guided by our perception that humanity is at its finest when know-how advances the best way we dwell and work. With roughly 450,000 route fiber miles and serving prospects in additional than 60 international locations, we ship the quickest, most safe platform for purposes and knowledge to assist companies, authorities and communities ship wonderful experiences.
Lumen and Lumen Applied sciences are registered logos of Lumen Applied sciences LLC in america. Lumen Applied sciences LLC is a wholly-owned affiliate of CenturyLink Inc.
Contact:
Mary Margaret Gorman
[email protected]
504-582-8207
SOURCE Jones Walker LLP
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