Lumen Technologies, Inc. — fact timeline

Lumen Technologies, Inc.: Amendments to Articles of Incorporation to eliminate supermajority voting requirements and exclude certain categories from definition of Related Person (effective 2026-05-26).

“On May 20, 2026, at the Annual Meeting, the shareholders of the Company approved amendments to the Company’s Articles of Incorporation, as amended, to: • eliminate certain of the supermajority voting requirements for matters subject to shareholder approval and to replace such requirements with a majority of votes cast standard; and • exclude certain categories of persons from the definition of “Related Person”. On May 26, 2026, the Company filed Amended and Restated Articles of Incorporation reflecting the foregoing amendments”

Lumen Technologies, Inc. incurred senior notes of $1.00 billion aggregate principal amount at 7.500% maturing due 2037.

“completed its previously-announced offering of $1.00 billion aggregate principal amount of its 7.500% Senior Notes due 2037”

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

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

Lumen Technologies, Inc. reported first quarter ended March 31, 2026 results: revenue $2.899 billion, net income Net Loss of $(200) million, EPS diluted loss per share of $(0.20).

“that supports our path to revenue growth outlined at Investor Day, while remaining on track to meet full-year guidance.” 1 First Quarter 2026 Highlights • Reported revenues of $2.899 billion for the first quarter 2026 • Reported Net Cash Provided by Operating Activities of $1.323 billion 1 for the first quarter 2026 compared to Net Cash Provided by Operating”

Lumen Technologies, Inc. entered into Lumen Parent Guarantee Agreement with Level 3 Financing, Inc., Wilmington Trust, National Association (effective 2026-04-30).

“On April 30, 2026, Lumen entered into the Lumen Parent Guarantee Agreement (the “Guarantee Agreement”), by and among Lumen, Level 3, as borrower, and Wilmington Trust, National Association, as administrative agent, pursuant to which Lumen provided an unconditional guarantee on a senior unsecured basis of Level 3’s obligations under the credit facilities created pursuant to its Credit Agreement, dated March 22, 2024 (as amended, restated, amended and restated or otherwise modified, the “Credit Agreement”) by and among Level 3, as borrower, Level 3 Parent, as guarantor, Wilmington Trust, National Association, as administrative agent and collateral agent, and the lenders from time to time party thereto.”

Lumen Technologies, Inc. entered into Supplemental Indentures with Level 3 Financing, Inc., Level 3 Parent, LLC, other guarantors, U.S. Bank Trust Company, National Association, Wilmington Trust, National Association (effective 2026-04-30).

“On April 30, 2026, Lumen Technologies, Inc., a Louisiana corporation (“Lumen”), entered into supplemental indentures (the “Supplemental Indentures”) to (a) the indenture, dated as of June 30, 2025, by and among, Level 3 Financing, Inc. (“Level 3”), as issuer, Level 3 Parent, LLC (“Level 3 Parent”), as a guarantor, the other guarantors party thereto, U.S. Bank Trust Company, National Association (the “Trustee”), as trustee, and Wilmington Trust, National Association (the “Collateral Agent”), as collateral agent, relating to the 6.875% first lien notes due 2033 of Level 3 and (b) the indenture, dated as of August 18, 2025, by and among Level 3, Level 3 Parent, the other guarantors party thereto, the Trustee, and the Collateral Agent, relating to the 7.000% first lien notes due 2034 of Level 3 (collectively, the “1L Indentures”).”

Lumen Technologies, Inc. entered into Credit Agreement with Bank of America, N.A. valued at $825 million (effective 2026-04-14).

“entered into the Revolving Credit Agreement (the “Credit Agreement”) providing for a revolving credit facility with commitments of $825 million.”

Lumen Technologies, Inc. incurred revolving credit of commitments of $825 million with Bank of America, N.A., as administrative agent and collateral agent at Term SOFR (subject to a 0.00% floor) plus 2.75% for Term SOFR loans or (ii) a ba maturing April 14, 2029.

“On April 14, 2026, Lumen Technologies, Inc., a Louisiana corporation (“Lumen”), as borrower, the lenders party thereto and Bank of America, N.A., as administrative agent and collateral agent, entered into the Revolving Credit Agreement (the “Credit Agreement”) providing for a revolving credit facility with commitments of $825 million.”

Lumen Technologies, Inc. completed a disposition involving Forged Fiber 37, LLC, an indirect wholly owned subsidiary of AT&T Inc. for $5.75 billion (closed 2026-02-02).

“On February 2, 2026 (the “Closing Date”), Lumen Technologies, Inc. (“Lumen” or the “Company”) and certain of its indirect wholly owned subsidiaries (collectively, the “Sellers”) completed the previously announced sale of Lumen’s Mass Markets fiber-to-the-home business in Arizona, Colorado, Florida, Idaho, Iowa, Minnesota, Nebraska, Nevada, Oregon, Utah and Washington (the “Business” and the sale of the Business, the “Transaction”) following a series of pre-closing and closing transactions pursuant to the Purchase Agreement (the “Agreement”), dated May 21, 2025, with Forged Fiber 37, LLC (the “Purchaser”), an indirect wholly owned subsidiary of AT&T Inc. (“AT&T”), and AT&T DW Holdings, Inc., an indirect wholly owned subsidiary of AT&T. On the Closing Date, the Sellers received cash consideration of $5.75 billion, subject to adjustments for working capital and other negotiated purchase price adjustments specified in the Agreement.”

Lumen Technologies, Inc. entered into Indenture with U.S. Bank Trust Company, National Association valued at $650 million aggregate principal amount (effective 2026-01-09).

“On January 9, 2026, Level 3 Financing, Inc. (“Level 3 Financing”), a direct wholly-owned subsidiary of Level 3 Parent, LLC (“Parent”), and an indirect wholly-owned subsidiary of Lumen Technologies, Inc. (“Lumen,” “us,” “we” or “our”) completed its previously announced upsized offering of additional $650 million aggregate principal amount of its 8.500% Senior Notes due 2036 (the “New Notes”).”

Lumen Technologies, Inc. incurred senior notes of $1.25 billion aggregate principal amount with U.S. Bank Trust Company, National Association at 8.500% maturing due 2036.

“completed its previously-announced upsized offering of $1.25 billion aggregate principal amount of its 8.500% Senior Notes due 2036”

Lumen Technologies, Inc. amended term loan of $2,400 million at SOFR plus 3.25% maturing March 27, 2032.

“(the “Term Loan Facility”), and to make related changes to effect such repricing, as described below. Immediately following the Credit Facilities Transactions, Level 3 had $2,400 million of outstanding borrowings under the Term Loan Facility. Borrowings under the Term Loan Facility will not amortize. Borrowings under the Term Loan Facility will be, at Level 3’s”

Lumen Technologies, Inc. incurred senior notes of $425,000,000 at 7.000% maturing due 2034.

“On September 8, 2025, Level 3 Financing, Inc. (“Level 3 Financing”), a direct wholly-owned subsidiary of Level 3 Parent, LLC (“Parent”) and an indirect wholly-owned subsidiary of Lumen Technologies, Inc. (“Lumen,” “us,” “we” or “our”) completed its previously-announced offering of an additional $425,000,000 aggregate principal amount of its 7.000% First Lien Notes due 2034 (the “New Notes”).”

Lumen Technologies, Inc. incurred senior notes of $2.0 billion aggregate principal amount with U.S. Bank Trust Company, National Association, as trustee and Wilmington Trust, National Association, as collateral agent at 7.000% maturing 2034.

“completed its previously-announced upsized offering of $2.0 billion aggregate principal amount of its 7.000% First Lien Notes due 2034 (the “Notes”); and • in connection therewith, entered into an indenture (the “Indenture”) with U.S. Bank Trust Company, National Association, as trustee and Wilmington Trust, National Association, as collateral agent, dated August 18, 2025”

Lumen Technologies, Inc. incurred senior notes of $2.0 billion aggregate principal amount at 6.875% maturing 2033.

“completed its previously-announced upsized offering of $2.0 billion aggregate principal amount of its 6.875% First Lien Notes due 2033 (the “Notes”)”

Christopher Capossela was appointed as Director at Lumen Technologies, Inc..

“On October 29, 2024, the board of directors (the “Board”) of Lumen Technologies, Inc. (the “Company”), on the recommendation of its nominating and corporate governance committee, voted to increase its size from 11 members to 12 members and to appoint Christopher Capossela to fill the newly-created vacancy.”

Lumen Technologies, Inc. shareholders approved Ratification of appointment of KPMG LLP as independent auditor for 2024 at the 2024-05-15 meeting.

“(2) The appointment of KPMG LLP as independent auditor for 2024 was ratified with 651,507,776 votes for, 57,824,290 votes against, 6,546,887 abstentions, and 0 broker non-votes.”

Lumen Technologies, Inc. shareholders approved Election of directors at the 2024-05-15 meeting.

“(1) The following nominees were elected to serve on the Board of Directors: Name of Nominee Votes Cast For Votes Cast Against Abstentions Broker Non-Votes Quincy L. Allen 500,787,673 17,076,412 2,932,149 195,082,719 Martha Helena Bejar 480,704,155 37,256,165 2,835,914 195,082,719 Peter C. Brown 495,327,820 22,504,757 2,963,657 195,082,719 Kevin P. Chilton 501,341,466 16,500,522 2,954,246 195,082,719 Steven T. “Terry” Clontz 499,463,155 18,352,840 2,980,239 195,082,719 Jim Fowler 503,712,740 13,995,667 3,087,827 195,082,719 T. Michael Glenn 499,920,515 17,870,998 3,004,721 195,082,719 Kate Johnson 503,115,600 15,000,946 2,679,688 195,082,719 Hal Stanley Jones 500,974,425 16,817,972 3,003,837 195,082,719 Diankha Linear 502,649,505 15,082,965 3,063,764 195,082,719 Laurie Siegel 492,571,571 25,310,127 2,914,536 195,082,719”

Chad Ho was appointed as chief legal officer at Lumen Technologies, Inc..

“and that Mr. Chad Ho will succeed Mr. Goff as chief legal officer.”

Stacey Goff departed as general counsel and secretary at Lumen Technologies, Inc..

“On May 6, 2024, Lumen Technologies, Inc. (the “Company”) announced that Mr. Stacey Goff, the general counsel and secretary of the Company and its principal subsidiaries, will be leaving the Company”

Lumen Technologies, Inc. reported first quarter ended March 31, 2024 results: revenue $ 3,290, net income 57, EPS 0.06. Guidance reaffirmed.

“Total Revenue (3)(4) $ 3,290 3,738 Cost of Services and Products 1,652 1,817 Selling, General and Administrative Expenses 823 721 Net Loss on Sale of Business 22 77 Stock-based Compensation Expense 14 14 Net Income 57 511 Net (Loss) Income, Excluding Special Items (5)(6) (41) 97 Adjusted EBITDA (2)(5)(7)(8) 807 1,137 Adjusted EBITDA, Excluding Special Items (2)(5)(7)(8)(9) 977 1,251 Net Income Margin 1.7 % 13.7 % Net (Loss) Income Margin, Excluding Special Items (5)(6) (1.2) % 2.6 % Adjusted EBITDA Margin (5) 24.5 % 30.4 % Adjusted EBITDA Margin, Excluding Special Items (5)(9) 29.7 % 33.5 % Net Cash Provided by Operating Activities 1,102 595 Capital Expenditures (10) 713 640 Unlevered Cash Flow (5) 670 305 Unlevered Cash Flow, Excluding Cash Special Items (5)(11) 799 275 Free Cash Flow (5) 389 (45) Free Cash Flow, Excluding Cash Special Items (5)(11) 518 (75) Net Income per Common Share - Diluted 0.06 0.52”

Lumen Technologies, Inc. announced a restructuring with charges of approximately $90 to $100 million (less than 7%).

“completed by the end of the second quarter of 2024. As a result of this plan, the Company expects to incur severance and related costs in the range of approximately $90 to $100 million, substantially all of which we expect to record in the second quarter of 2024. Other than these costs, the Company does not expect to incur any material impairment”