CTBB: 25 · delisting
Lumen Technologies, Inc. and its subsidiary Qwest Corporation filed a Form 25 on October 5, 2026 to voluntarily withdraw two series of Qwest retail notes from NYSE listing and registration under Section 12(b). The affected securities are Qwest Corporation's 6.500% Notes due 2051 and 6.750% Notes due 2052, each issued in $25 denominations. The withdrawal is made under 17 CFR 240.12d2-2(c), the voluntary issuer-initiated provision. Both companies certified compliance with NYSE rules through Jennifer Hodges, EVP and Chief Legal Officer. The action is administrative and does not affect the outstanding status of the notes or Lumen's common stock listing.
CTBB: 15-12G · delisting
Qwest Corporation filed Form 15 to terminate the registration of its 6.5% Notes due 2056 and 6.75% Notes due 2057 under Section 12(g) of the Securities Exchange Act of 1934. This filing suspends the company's duty to file periodic reports (such as 10-Ks and 10-Qs) for these specific debt securities, effectively delisting them from public reporting requirements. The filing relies on Rule 12g-4(a)(1) and Rule 12h-3(b)(1)(i), indicating that the number of holders of record for these notes has fallen below the threshold requiring public reporting (63 and 60 holders, respectively). Other senior notes, including those due in 2051 and 2052, remain registered and subject to reporting duties. This is a standard administrative procedure often associated with the completion of a corporate transaction, such as an acquisition or debt refinancing, where the remaining holder base is too small to warrant continued public disclosure. It does not necessarily indicate financial distress but does reduce transparency for investors holding these specific instruments.
CTBB: 8-K · debt financing
Qwest Corporation, a wholly-owned subsidiary of Lumen Technologies, Inc., settled previously announced exchange offers on June 11, 2026, issuing approximately $1.38 billion in new senior notes. The issuance consists of $1.002 billion of 6.500% Notes due 2051 and $381.5 million of 6.750% Notes due 2052, which are fully and unconditionally guaranteed by Lumen. The new notes replace older Qwest debt and were issued pursuant to a consent solicitation that eliminated substantially all restrictive covenants from the old indentures. The 2051 notes are issued in both $1 and $25 denominations, with the $25 denominations listed on the NYSE under ticker CTGG, while the 2052 notes trade under ticker CTHH.
Lumen Technologies and its subsidiary Qwest Corporation announced the expiration of exchange offers for Qwest’s 6.5% Notes due 2056 and 6.75% Notes due 2057. The offers expired on June 9, 2026, with Qwest accepting tenders for approximately $832 million of the 2056 Notes and $552 million of the 2057 Notes. The tendered old notes are being exchanged for new notes with identical interest rates but shorter maturities: 6.500% Notes due 2051 and 6.750% Notes due 2052. These new notes are fully and unconditionally guaranteed by Lumen Technologies on an unsecured basis. Qwest received the requisite consents to amend the indentures governing the old notes, allowing it to de-list the old notes from the NYSE and de-register them with the SEC following settlement. This move simplifies Qwest’s reporting obligations, as Lumen will now provide the required disclosures under Regulation S-X.
CTBB: 424B3 · debt financing
Qwest Corporation is offering to exchange $1.64 billion of its outstanding senior notes for new notes that are fully and unconditionally guaranteed by its parent, Lumen Technologies, Inc. The exchange involves swapping $977.5 million of 6.5% Notes due 2056 and $660 million of 6.75% Notes due 2057 for new notes with maturities in 2051 and 2052, respectively, while maintaining the same interest rates. Holders who tender their notes will receive new notes plus a $0.0625 consent fee per $25 principal amount, but must consent to amendments that eliminate substantially all covenants in the original indentures, including restrictions on liens and successor corporations. This transaction is part of Lumen’s broader capital structure simplification, allowing Qwest to cease SEC reporting obligations under Rule 12h-5. Approximately 30.3% of the 2056 Notes and 24.2% of the 2057 Notes are held by institutional investors who have agreed to support the exchange. The new notes will be listed on the NYSE (except for the $1 denomination series), whereas the old notes have been delisted, improving liquidity for participants but reducing protections for non-participants.
Lumen Technologies and its subsidiary Qwest Corporation have entered into a Support Agreement with certain noteholders, securing commitments to tender approximately $456 million of Qwest’s outstanding debt in an exchange offer. The agreement covers $296.5 million of 6.5% Notes due 2056 and $159.5 million of 6.75% Notes due 2057, which will be exchanged for new notes due in 2051 and 2052, respectively. Lumen has also amended the terms of its previously announced exchange offers, eliminating the early tender participation date and extending the expiration date to June 9, 2026. The new notes will be fully and unconditionally guaranteed by Lumen on an unsecured basis, and holders will receive a consent fee of $0.0625 per $25 principal amount tendered. This support agreement reduces uncertainty regarding the success of the debt exchange, a key component of Lumen’s broader capital structure optimization strategy. The obligations under the support agreement will terminate automatically if the exchange offers are not consummated by June 30, 2026.
CTBB: 8-K · material agreement
On May 12, 2026, Lumen Technologies, Inc. and its wholly-owned subsidiary, Qwest Corporation, announced the extension of the early participation date and withdrawal deadline for their previously announced Exchange Offers and Consent Solicitations. The new dates are set for 5 p.m. ET on May 22, 2026. The Exchange Offers involve the exchange of Qwest's 6.5% Notes due 2056 and 6.75% Notes due 2057 for new notes with the same interest rates but different terms. The new notes will be fully and unconditionally guaranteed by Lumen. The Expiration Date for the Exchange Offers remains at 5 p.m. ET on May 26, 2026. Holders of the Old Qwest Notes are urged to carefully read the Prospectus before making any decisions regarding the Exchange Offers and Consent Solicitations.
