secwatch.observer — SEC 8-K summary
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Issuer:     Lumen Technologies, Inc. (LUMN)
CIK:        0000018926
Form:       8-K
Filed at:   2026-04-16T23:59:59+00:00
Accession:  0001193125-26-157915
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lumen enters $825M revolving credit facility, replacing prior credit agreement
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/18926/000119312526157915/0001193125-26-157915-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/18926/000119312526157915/d144157d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-157915

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