secwatch / observer
8-K filed March 31, 2023, 7:59 PM ET ticker LUMN CIK 0000018926
debt confidence high sentiment neutral materiality 0.65

Lumen Technologies, Inc. (LUMN): debt financing — Lumen subsidiary issues $915M 10.5% secured notes, reduces consolidated debt by $620M

Lumen Technologies, Inc.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Lumen Technologies, Inc. incurred senior notes of approximately $915 million aggregate principal amount with The Bank of New York Mellon Trust Company, N.A., as Trustee and Note Collateral Agent at 10.500% maturing May 15, 2030.

Instrument
senior notes
Principal
approximately $915 million aggregate principal amount
Counterparty
The Bank of New York Mellon Trust Company, N.A., as Trustee and Note Collateral Agent
Rate
10.500%
Maturity
May 15, 2030
Event
incurrence
Exact text from the filing
On March 31, 2023, in connection with completing the early settlement of the Exchange Offers (the “Early Settlement Transactions”), Level 3 Financing issued approximately $915 million aggregate principal amount of New Notes in exchange for approximately $1.535 billion aggregate principal amount of Lumen Notes. The Exchange Offers are only being made, and the
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Lumen Technologies, Inc. entered into Indenture with The Bank of New York Mellon Trust Company, N.A. (effective 2023-03-31).

Action
entry
Agreement
notes offering
Counterparty
The Bank of New York Mellon Trust Company, N.A.
Effective
2023-03-31
Exact text from the filing
Level 3 Financing, as Issuer, Level 3 Parent, LLC (“Level 3 Parent”), as a Guarantor, certain subsidiaries of Level 3 Financing, as Guarantors, and The Bank of New York Mellon Trust Company, N.A., as Trustee and Note Collateral Agent, entered into an Indenture dated March 31, 2023 (the “Indenture), which governs the terms of the New Notes issued on such date.
View on SEC.gov

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Lumen Technologies, Inc. filing history →

Source: SEC EDGAR
accession 0001193125-23-088265
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