---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-032635"
form_type: "8-K"
ticker: "LUMN"
cik: "0000018926"
company_name: "Lumen Technologies, Inc."
filed_at: "2026-02-02T23:59:59+00:00"
generated_at: "2026-05-16T05:45:07.573142+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Lumen closes $5.75B sale of consumer fiber business to AT&T; targets debt reduction

## Summary
- Cash consideration of $5.75B for Mass Markets fiber-to-the-home in 11 states, serving >1M customers across 4M fiber locations.
- Plans to apply ~$4.8B of proceeds plus cash on hand to retire all super priority debt, cutting interest expense by ~$300M annually.
- Post-closing debt expected below $13B with net debt/adjusted EBITDA ratio under 4x.
- Lumen retains copper consumer services, enterprise fiber backbone, and central offices; transitions ~1M consumer fiber customers to AT&T.
- Management to discuss transaction on Q4/full-year 2025 earnings call scheduled for Feb. 3, 2026.

## SEC filing metadata
- accession: 0001193125-26-032635
- form_type: 8-K
- ticker: LUMN
- cik: 0000018926
- company_name: Lumen Technologies, Inc.
- filed_at: 2026-02-02T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 2.01, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/18926/000119312526032635/0001193125-26-032635-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/18926/000119312526032635/d25850d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-032635
- JSON: https://secwatch.observer/filing/0001193125-26-032635.json
- Plain text: https://secwatch.observer/filing/0001193125-26-032635.txt

## Source-grounded claims
- claim_id: d7ddd0fca807a2dba3fcff19c390848b8853e5c1
  claim: Lumen Technologies, Inc. completed a disposition involving Forged Fiber 37, LLC, an indirect wholly owned subsidiary of AT&T Inc. for $5.75 billion (closed 2026-02-02).
  evidence_excerpt: On February 2, 2026 (the “Closing Date”), Lumen Technologies, Inc. (“Lumen” or the “Company”) and certain of its indirect wholly owned subsidiaries (collectively, the “Sellers”) completed the previously announced sale of Lumen’s Mass Markets fiber-to-the-home business in Arizona, Colorado, Florida, Idaho, Iowa, Minnesota, Nebraska, Nevada, Oregon, Utah and Washington (the “Business” and the sale of the Business, the “Transaction”) following a series of pre-closing and closing transactions pursuant to the Purchase Agreement (the “Agreement”), dated May 21, 2025, with Forged Fiber 37, LLC (the “Purchaser”), an indirect wholly owned subsidiary of AT&T Inc. (“AT&T”), and AT&T DW Holdings, Inc., an indirect wholly owned subsidiary of AT&T. On the Closing Date, the Sellers received cash consideration of $5.75 billion, subject to adjustments for working capital and other negotiated purchase price adjustments specified in the Agreement.
  evidence_url: https://www.sec.gov/Archives/edgar/data/18926/000119312526032635/0001193125-26-032635-index.htm

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