---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-330850"
form_type: "8-K"
ticker: "LUMN"
cik: "0000018926"
company_name: "Lumen Technologies, Inc."
filed_at: "2025-12-23T23:59:59+00:00"
generated_at: "2026-05-16T12:19:19.573560+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Lumen subsidiary Level 3 Financing issues $1.25B of 8.500% Senior Notes due 2036 to refinance second lien debt

## Summary
- Level 3 Financing issued $1.25B aggregate principal of 8.500% Senior Notes due 2036.
- Net proceeds used to purchase outstanding Second Lien Notes (4.000%, 3.875%, 4.500%) via tender offers.
- Supplemental indentures eliminate restrictive covenants and release collateral on Amended Second Lien Notes.
- Notes are senior unsecured obligations, guaranteed by Level 3 Parent and certain subsidiaries.
- Interest accrues from Dec 23, 2025; payable Jan 15 and Jul 15 starting Jul 15, 2026.

## SEC filing metadata
- accession: 0001193125-25-330850
- form_type: 8-K
- ticker: LUMN
- cik: 0000018926
- company_name: Lumen Technologies, Inc.
- filed_at: 2025-12-23T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/18926/000119312525330850/0001193125-25-330850-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/18926/000119312525330850/d48177d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-330850
- JSON: https://secwatch.observer/filing/0001193125-25-330850.json
- Plain text: https://secwatch.observer/filing/0001193125-25-330850.txt

## Key facts
- Debt Financings
  Lumen Technologies, Inc. incurred senior notes of $1.25 billion aggregate principal amount with U.S. Bank Trust Company, National Association at 8.500% maturing due 2036.
  - Instrument: senior notes
  - Principal: $1.25 billion aggregate principal amount
  - Counterparty: U.S. Bank Trust Company, National Association
  - Rate: 8.500%
  - Maturity: due 2036
  - Event: incurrence
  source text: completed its previously-announced upsized offering of $1.25 billion aggregate principal amount of its 8.500% Senior Notes due 2036
  evidence_url: https://www.sec.gov/Archives/edgar/data/18926/000119312525330850/0001193125-25-330850-index.htm

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