secwatch.observer — SEC 8-K summary
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Issuer:     Lumen Technologies, Inc. (LUMN)
CIK:        0000018926
Form:       8-K
Filed at:   2026-05-14T01:45:26+00:00
Accession:  0001193125-26-222375
Event type: debt
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/18926/000119312526222375/0001193125-26-222375-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/18926/000119312526222375/d288326d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-222375

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