Lumen subsidiary Level 3 refinances $2.4B term loan, cuts margin to SOFR+2.75%

Lumen Technologies, Inc.

Term Loan Facility of $2.4B, matures March 27, 2032, with no amortization.
Applicable margin reduced to 2.75% for SOFR loans and 1.75% for base rate loans.
Wilmington Trust to resign as admin agent within 180 days; Bank of America to succeed.
Prepayment allowed without premium except 1.00% for repricing within six months of May 13, 2026.
Guaranteed by Level 3's material domestic subs and an unsecured parent guarantee from Lumen.

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. amended credit facility with Wilmington Trust, National Association at SOFR plus 2.75% maturing March 27, 2032.

Instrument: credit facility
Counterparty: Wilmington Trust, National Association
Rate: SOFR plus 2.75%
Maturity: March 27, 2032
Event: amendment

Exact text from the filing

entered into an amendment to the Existing Level 3 Credit Agreement (the “Third Amendment”)

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Lumen Technologies, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-26-222375

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