QWEST CORP (CTBB) Form 424B3 — May 22, 2026
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.
Key figures
- Debt Amount
- 1637500000
- Lumen total debt
- 13100000000
- Consent fee per 25
- 0.0625
- Lumen secured debt
- 6800000000
- Lumen unsecured debt
- 6300000000
- Old notes 2056 amount
- 977500000
- Old notes 2057 amount
- 660000000
- Support party 2056 pct
- 30.3
- Support party 2057 pct
- 24.2
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.