Lumen Technologies, Inc. (LUMN): debt financing — Level 3 refinances $2.4B term loan, extends maturity to 2032, cuts pricing

Lumen Technologies, Inc.

Level 3 Financing (Lumen sub) entered First Amendment to credit agreement on March 27, 2025.
$2.4B outstanding under Term Loan Facility; no amortization; maturity March 27, 2032.
SOFR loans margin at 4.25% with 0.50% floor; base rate option also available.
Voluntary prepayment allowed without premium, except 1% penalty for repricing within six months.
Facility secured by substantially all assets of Level 3 and guarantors; customary covenants apply.

item 1.01 item 2.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

Lumen Technologies, Inc. amended credit facility of $2,400 million at SOFR plus 4.25% maturing March 27, 2032.

Instrument: credit facility
Principal: $2,400 million
Rate: SOFR plus 4.25%
Maturity: March 27, 2032
Event: amendment

Exact text from the filing

to effect such repricing and (ii) extend the maturity of the Term Loan Facility, as described below. Immediately following the Credit Facilities Transactions, Level 3 had $2,400 million of outstanding borrowings under the Term Loan Facility. Borrowings under the Term Loan Facility will not amortize. Borrowings under the Term Loan Facility will be, at Level 3’s

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Lumen Technologies, Inc. filing history →

Source: SEC EDGAR

accession 0000018926-25-000039

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