Lumen Technologies announced that its wholly-owned subsidiary, Qwest Corporation, has settled its previously announced exchange offers and consent solicitations. In connection with the settlement, Qwest issued approximately $1.38 billion in new senior notes guaranteed by Lumen and amended the indentures for certain existing notes.
Key Details
- New Debt Issuance: Qwest issued a total of $1.38 billion in new notes, consisting of $1,002.3 million of 6.500% Notes due 2051 and $381.5 million of 6.750% Notes due 2052.
- Settlement Date: The exchange offers, consent solicitations, and new note issuance were settled on June 11, 2026.
- Covenant Changes: The indentures governing the existing 6.5% Notes due 2056 and 6.75% Notes due 2057 were amended to eliminate substantially all restrictive covenants.
- Guarantee & Listing: The new notes are fully and unconditionally guaranteed by Lumen Technologies, Inc. and are expected to trade on the New York Stock Exchange under the symbols "CTGG" and "CTHH".