Lumen Technologies, Inc. and Qwest Corporation Announce Entry into Support Agreement with Certain Noteholders and Amendment to Previously Announced Exchange Offers
Lumen Technologies and its subsidiary Qwest have entered into a Support Agreement with certain noteholders covering approximately $456 million of legacy Qwest debt. The company also amended its previously announced exchange offers, extending the expiration date to June 9, 2026, and eliminating the early tender participation date.
Key figures
- Support agreement value
- 456000000
- Existing 2056 notes tendered
- 296500000
- Existing 2057 notes tendered
- 159500000
- New notes maturity 2051 rate
- 6.500%
- New notes maturity 2052 rate
- 6.750%
AI analysis
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