{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-267280","form_type":"8-K","ticker":"LUMN","cik":"0000018926","company_name":"Lumen Technologies, Inc.","filed_at":"2023-10-31T23:59:59+00:00","discovered_at":"2026-05-14T18:03:31.323702+00:00","generated_at":"2026-06-09T05:00:27.853329+00:00","sec_items":["1.01","7.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.78,"calibrated_materiality_score":0.78,"confidence":"high","headline":"Lumen enters debt restructuring with $1.2B new money and maturity extensions from creditors","bullets":["Transaction support agreement with creditors holding over $7B of Lumen and Level 3 debt to extend maturities and provide new money.","Creditors backstop $1.2B new long-term senior secured first-lien debt at Level 3 Financing.","Cleansing info: expects ~$900M tax refund, ~$700M cash in Q1 2024; cumulative benefit ~$600M through 2027.","Free cash flow expected toward low end of previously disclosed range; Level 3 contributes 40-44% of consolidated EBITDA.","Qwest Corp. and subsidiaries to provide unsecured guarantee of certain Lumen secured debt, subject to regulatory approvals."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-267280","json":"https://secwatch.observer/filing/0001193125-23-267280.json","markdown":"https://secwatch.observer/filing/0001193125-23-267280.md","text":"https://secwatch.observer/filing/0001193125-23-267280.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/18926/000119312523267280/0001193125-23-267280-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/18926/000119312523267280/d578129d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-09T05:00:27.853329+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"43e8ed9b768394507d4c7e515de42e75eb2a76bd","claim":"Lumen Technologies, Inc. entered into Transaction Support Agreement with Level 3 Financing, Inc., Qwest Corporation, and certain holders of the debt of the Company and Level 3 valued at Comprehensive maturity extensions, $1,200 million in new money long term senior secured first lien i (effective 2023-10-31).","evidence_excerpt":"On October 31, 2023, Lumen Technologies, Inc. (the “ Company ”) entered into a Transaction Support Agreement (together with all exhibits, annexes and schedules thereto, the “ Transaction Support Agreement ”) with (i) Level 3 Financing, Inc. (“ Level 3 ”), (ii) Qwest Corporation (“ Qwest ”, together with the Company and Level 3, the “ Company Parties ”), and (iii) certain holders of the debt of the Company and Level 3 (such holders, the “ Consenting Parties ” and together with the Company Parties, the “ Parties ”) to define their commitments to effect a series of transactions to provide the Company and Level 3 with comprehensive maturity extensions while allowing them to maintain sufficient operating liquidity and financial flexibility.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/18926/000119312523267280/0001193125-23-267280-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Counterparty","value":"Level 3 Financing, Inc., Qwest Corporation, and certain holders of the debt of the Company and Level 3"},{"label":"Value","value":"Comprehensive maturity extensions, $1,200 million in new money long term senior secured first lien i"},{"label":"Effective","value":"2023-10-31"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}