Lumen Technologies Extends Debt Exchange Offer Dates

By Chris Stiles • Tuesday, May 05 14:07 • Permanent Link

Lumen Technologies and its wholly owned subsidiary Qwest Corporation pushed back two key dates in their exchange offers for long-dated debt, moving the early participation date and withdrawal deadline from May 8, 2026, to May 15, 2026 at 5 p.m. ET.

The offers cover Qwest’s 6.5% notes due 2056 and 6.75% notes due 2057. In return, Qwest is offering new 6.500% notes due 2056 and new 6.750% notes due 2057, with Lumen providing an unsecured, full and unconditional guarantee.

The expiration date for both exchange offers remains May 26, 2026 at 5 p.m. ET.

Alongside the exchange offers, Lumen and Qwest are seeking consents to amend the old Qwest indentures. The only change announced was the extension of the early participation date and the withdrawal deadline; all other terms remain the same.

The transaction still hinges on several conditions, including SEC effectiveness of the registration statement and the absence of legal barriers to accepting or exchanging the old notes. The market has reacted to these announcements by moving the company's shares -0.96% to a price of $9.24. For more information, read the company's full 8-K submission here.

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