---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-222375"
form_type: "8-K"
ticker: "LUMN"
cik: "0000018926"
company_name: "Lumen Technologies, Inc."
filed_at: "2026-05-14T01:45:26+00:00"
generated_at: "2026-05-14T10:14:19.817909+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-26-222375
- form_type: 8-K
- ticker: LUMN
- cik: 0000018926
- company_name: Lumen Technologies, Inc.
- filed_at: 2026-05-14T01:45:26+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/18926/000119312526222375/0001193125-26-222375-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/18926/000119312526222375/d288326d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-222375
- JSON: https://secwatch.observer/filing/0001193125-26-222375.json
- Plain text: https://secwatch.observer/filing/0001193125-26-222375.txt

## Key facts
- Debt Financings
  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
  source text: entered into an amendment to the Existing Level 3 Credit Agreement (the “Third Amendment”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/18926/000119312526222375/0001193125-26-222375-index.htm

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