debt
confidence high
sentiment neutral
materiality 0.60
Lumen support agreement to exchange $456M of Qwest notes; offer terms amended
QWEST CORP
- Entered Support Agreement with noteholders holding ~$296.5M of 6.5% 2056 notes and ~$159.5M of 6.75% 2057 notes.
- New notes to be issued: 6.500% due 2051 and 6.750% due 2052, fully and unconditionally guaranteed by Lumen.
- Early tender participation eliminated; expiration and withdrawal deadline extended to June 9, 2026 at 5 p.m. ET.
- Support Agreement terminates automatically if exchange offers not consummated by June 30, 2026.
- Exchange offers subject to SEC effectiveness of post-effective amendment to registration statement.
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