Lumen Technologies, through its subsidiary Qwest Corporation, announced the expiration and final results of its debt exchange offers and consent solicitations. The offers, which expired on June 9, 2026, involved exchanging certain outstanding long-term notes for new notes and amending the indentures of the old notes.
Key Details
- Exchange Results: A total principal amount of $831.9 million of 6.5% Notes due 2056 and $551.9 million of 6.75% Notes due 2057 were validly tendered and accepted for exchange.
- New Securities Issued: In exchange, Qwest will issue an equivalent principal amount of new 6.500% Notes due 2051 and new 6.750% Notes due 2052, which will be fully guaranteed by Lumen Technologies, Inc.
- Consent Solicitation: The company received the required consents to amend the indentures for both series of the old notes. Following the settlement on June 11, 2026, Qwest intends to de-list and de-register the old notes to simplify reporting obligations.