Lumen Technologies, Inc. (LUMN): debt financing — Lumen enters $825M revolving credit facility, replacing prior credit agreement

Lumen Technologies, Inc.

New $825M revolving credit facility matures April 14, 2029; proceeds for general corporate purposes.
Interest rate: Term SOFR + 2.75% or base rate + 1.75%, subject to leverage-based pricing grid.
Financial covenants: max total net leverage ratio 5.25x, min interest coverage ratio 2.00x.
Certain subsidiary guarantees provided; Level 3 Parent guarantees up to $150M secured.
Prior $825M superpriority credit agreement from March 2024 terminated and replaced.

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 revolving credit of commitments of $825 million with Bank of America, N.A., as administrative agent and collateral agent at Term SOFR (subject to a 0.00% floor) plus 2.75% for Term SOFR loans or (ii) a ba maturing April 14, 2029.

Instrument: revolving credit
Principal: commitments of $825 million
Counterparty: Bank of America, N.A., as administrative agent and collateral agent
Rate: Term SOFR (subject to a 0.00% floor) plus 2.75% for Term SOFR loans or (ii) a ba
Maturity: April 14, 2029
Event: incurrence

Exact text from the filing

On April 14, 2026, Lumen Technologies, Inc., a Louisiana corporation (“Lumen”), as borrower, the lenders party thereto and Bank of America, N.A., as administrative agent and collateral agent, entered into the Revolving Credit Agreement (the “Credit Agreement”) providing for a revolving credit facility with commitments of $825 million.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Lumen Technologies, Inc. entered into Credit Agreement with Bank of America, N.A. valued at $825 million (effective 2026-04-14).

Action: entry
Agreement: credit facility
Counterparty: Bank of America, N.A.
Value: $825 million
Effective: 2026-04-14

Exact text from the filing

entered into the Revolving Credit Agreement (the “Credit Agreement”) providing for a revolving credit facility with commitments of $825 million.

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Lumen Technologies, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-26-157915

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