---
schema_version: "secwatch.filing_event.v1"
accession: "0000018926-25-000039"
form_type: "8-K"
ticker: "LUMN"
cik: "0000018926"
company_name: "Lumen Technologies, Inc."
filed_at: "2025-04-02T23:59:59+00:00"
generated_at: "2026-05-24T00:03:15.204757+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Level 3 refinances $2.4B term loan, extends maturity to 2032, cuts pricing

## Summary
- 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.

## SEC filing metadata
- accession: 0000018926-25-000039
- form_type: 8-K
- ticker: LUMN
- cik: 0000018926
- company_name: Lumen Technologies, Inc.
- filed_at: 2025-04-02T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/18926/000001892625000039/0000018926-25-000039-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/18926/000001892625000039/lumn-20250327.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000018926-25-000039
- JSON: https://secwatch.observer/filing/0000018926-25-000039.json
- Plain text: https://secwatch.observer/filing/0000018926-25-000039.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.