Lumen Technologies announced that its subsidiary, Qwest Corporation, has entered into a Support Agreement with certain noteholders to facilitate its previously announced debt exchange offers. The company also amended the terms of the offers, which involve swapping existing long-term notes for new notes and soliciting consents to amend their governing indentures.
Key Details
- Support Agreement: Entered into an agreement on May 18, 2026, with noteholders who committed to tender approximately $456 million in aggregate principal of existing Qwest notes.
- Committed Notes: The commitment consists of approximately $296.5 million of 6.5% Notes due 2056 and $159.5 million of 6.75% Notes due 2057.
- Amended Offer & Deadline: The terms of the exchange offers have been amended, and the expiration date for all holders to participate has been extended to 5:00 p.m. ET on June 9, 2026.