Lumen Technologies, Inc. (LUMN): debt financing — Lumen's subsidiary closes $2B 7% first lien notes due 2034, redeems higher-cost debt

Lumen Technologies, Inc.

Closed $2.0B aggregate principal of 7.000% First Lien Notes due 2034 (maturity March 31, 2034).
Proceeds used to redeem all $1.408B of 11.000% Senior Secured Notes due 2029.
Partially redeemed $305M of 10.750% First Lien Notes due 2030.
CFO says transaction lowers interest expense, extends maturity runway, and supports AI-era network expansion.

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 $2.0 billion aggregate principal amount with U.S. Bank Trust Company, National Association, as trustee and Wilmington Trust, National Association, as collateral agent at 7.000% maturing 2034.

Instrument: senior notes
Principal: $2.0 billion aggregate principal amount
Counterparty: U.S. Bank Trust Company, National Association, as trustee and Wilmington Trust, National Association, as collateral agent
Rate: 7.000%
Maturity: 2034
Event: incurrence

Exact text from the filing

completed its previously-announced upsized offering of $2.0 billion aggregate principal amount of its 7.000% First Lien Notes due 2034 (the “Notes”); and • in connection therewith, entered into an indenture (the “Indenture”) with U.S. Bank Trust Company, National Association, as trustee and Wilmington Trust, National Association, as collateral agent, dated August 18, 2025

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Lumen Technologies, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-25-182730

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