Lumen Technologies, Inc. incurred senior notes of approximately $915 million aggregate principal amount with The Bank of New York Mellon Trust Company, N.A., as Trustee and Note Collateral Agent at 10.500% maturing May 15, 2030.
“On March 31, 2023, in connection with completing the early settlement of the Exchange Offers (the “Early Settlement Transactions”), Level 3 Financing issued approximately $915 million aggregate principal amount of New Notes in exchange for approximately $1.535 billion aggregate principal amount of Lumen Notes. The Exchange Offers are only being made, and the”
Material Agreements
Lumen Technologies, Inc. entered into Indenture with The Bank of New York Mellon Trust Company, N.A. (effective 2023-03-31).
“Level 3 Financing, as Issuer, Level 3 Parent, LLC (“Level 3 Parent”), as a Guarantor, certain subsidiaries of Level 3 Financing, as Guarantors, and The Bank of New York Mellon Trust Company, N.A., as Trustee and Note Collateral Agent, entered into an Indenture dated March 31, 2023 (the “Indenture), which governs the terms of the New Notes issued on such date.”
Earnings Releases
Lumen Technologies, Inc. reported the fourth quarter of 2022 results: net income Net Loss of $(3.069) billion, EPS diluted loss per share of ($3.08).
“Reported Net Loss of $(3.069) billion for the fourth quarter 2022, which included a non-cash goodwill impairment charge of $3.271 billion, compared to reported Net Income of $508 million for the fourth quarter 2021”
Shaun Andrews departed as Executive Vice President, Chief Marketing Officer at Lumen Technologies, Inc..
“Shaun Andrews, Executive Vice President, Chief Marketing Officer of Lumen Technologies, Inc. (the “Company”) and its principal subsidiaries, is leaving the Company.”
Earnings Releases
Lumen Technologies, Inc. reported third quarter of 2022 results: net income $578 million, EPS $0.57.
“Reported Net Income of $578 million for the third quarter 2022, compared to reported Net Income of $544 million for the third quarter 2021”
Jeffrey K. Storey changed role as Senior Advisor to the Board and CEO at Lumen Technologies, Inc..
“Mr. Storey will resign as a member of the Board on the Transition Date, but will remain employed by the Company as its Senior Advisor to the Board and CEO from the Transition Date until December 31, 2022”
Kate Johnson was appointed as President and Chief Executive Officer at Lumen Technologies, Inc..
“On September 13, 2022, Lumen Technologies, Inc. (the “Company”) announced that Kate Johnson would succeed Jeffrey K. Storey as President and Chief Executive Officer of the Company and its principal subsidiaries and as a director on the Company’s Board of Directors (the “Board”), expected to be effective as of November 7, 2022.”
Indraneel Dev departed as Executive Vice President and Chief Financial Officer at Lumen Technologies, Inc..
“Mr. Dev, whose employment with the Company and its subsidiaries will end on April 1, 2022”
Christopher D. Stansbury was appointed as Executive Vice President and Chief Financial Officer at Lumen Technologies, Inc..
“announced that Christopher D. Stansbury would succeed Indraneel Dev as Executive Vice President and Chief Financial Officer of the Company and its principal subsidiaries, effective as of April 4, 2022”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.