Lumen Technologies, Inc. and Qwest Corporation Announce Expiration and Final Results of Exchange Offers and Consent Solicitations
Lumen Technologies and its subsidiary Qwest announced the expiration of exchange offers for $977.5 million of 2056 Notes and $660 million of 2057 Notes. The old notes were exchanged for new notes with identical interest rates but shortened maturities (2051 and 2052, respectively). The new notes are fully and unconditionally guaranteed by Lumen.
Key figures
- Consent fee per 25
- 0.0625
- Old notes 2056 outstanding
- 977500000
- Old notes 2057 outstanding
- 660000000
- New notes 2051 accepted option1
- 515297925
- New notes 2051 accepted option2
- 316631500
- New notes 2052 accepted option1
- 381528000
- New notes 2052 accepted option2
- 170390650
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.