Lumen Technologies Enters Material Agreement, Incurs Financial Obligation

TL;DR

Lumen Tech (LUMN) just filed an 8-K - looks like they're signing a big deal and taking on debt.

AI Summary

Lumen Technologies, Inc. (formerly CenturyLink, Inc.) filed an 8-K on September 24, 2024, reporting the entry into a material definitive agreement and the creation of a direct financial obligation. The filing also includes other events and financial statements/exhibits. Lumen Technologies, Inc. is a telecommunications company based in Monroe, LA.

Why It Matters

This filing indicates Lumen Technologies is entering into significant new financial commitments or agreements that could impact its future operations and financial health.

Risk Assessment

Risk Level: medium — Entering into material definitive agreements and incurring financial obligations can introduce new risks related to the terms of the agreement and the company's ability to meet its obligations.

Key Players & Entities

• Lumen Technologies, Inc. (company) — Filer, formerly CenturyLink, Inc.
• CenturyLink, Inc. (company) — Former name of Lumen Technologies, Inc.
• Level 3 Parent, LLC (company) — Related entity
• 20240924 (date) — Filing date

FAQ

Key Financial Figures

• $1.00 — ologies, Inc. Common Stock, par value $1.00 per share LUMN New York Stock Excha
• $438.3 million — actions"): Lumen issued approximately $438.3 million aggregate principal amount of New Lumen
• $13.7 million — New Lumen Notes and paid approximately $13.7 million cash (excluding accrued and unpaid inte
• $490.8 million — ct Notes) in exchange for approximately $490.8 million aggregate principal amount of Subject L
• $350.0 million — tes, and Level 3 issued approximately $350.0 million aggregate principal amount of New Level
• $357.1 million — l 3 Notes in exchange for approximately $357.1 million aggregate principal amount of Subject L
• $500,000,000 — ure, in an amount limited to the sum of $500,000,000 plus certain specified past due interes
• $59.6 million — ing in a net reduction of approximately $59.6 million in the aggregate principal amount of Lu
• $7.1 million — cludes a net reduction of approximately $7.1 million in the aggregate principal amount of Le

Filing Documents

• d898101d8k.htm (8-K) — 79KB
• d898101dex41.htm (EX-4.1) — 915KB
• d898101dex42.htm (EX-4.2) — 831KB
• g898101img1.jpg (GRAPHIC) — 3KB
• 0001193125-24-224881.txt ( ) — 2429KB
• lumn-20240924.xsd (EX-101.SCH) — 5KB
• lumn-20240924_cal.xml (EX-101.CAL) — 1KB
• lumn-20240924_def.xml (EX-101.DEF) — 16KB
• lumn-20240924_lab.xml (EX-101.LAB) — 25KB
• lumn-20240924_pre.xml (EX-101.PRE) — 16KB
• d898101d8k_htm.xml (XML) — 13KB

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) Exhibits: Exhibit No. Description 4.1 Indenture, dated September 24, 2024, among Lumen Technologies, Inc., as issuer, certain guarantors party thereto, Regions Bank, as trustee, and Bank of America, N.A., as collateral agent, relating to the New Lumen Notes. 4.2 Indenture, dated September 24, 2024, among Level 3 Financing, Inc., as issuer, Level 3 Parent, LLC, as a guarantor, certain other guarantors party thereto, U.S. Bank Trust Company, National Association, as trustee, and Wilmington Trust, National Association, as collateral agent, relating to the New Level 3 Notes. 4.3 Form of New Lumen Notes (included in Exhibit 4.1). 4.4 Form of New Level 3 Notes (included in Exhibit 4.2). 104 Cover Page Interactive Data File. (Embedded within the Inline XBRL document.) 5

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, Lumen Technologies, Inc., Level 3 Parent, LLC, and Qwest Corporation have duly caused this report to be signed on their behalf by the undersigned hereunto duly authorized. LUMEN TECHNOLOGIES, INC. Dated: September 24, 2024 By: /s/ Chris Stansbury Chris Stansbury Executive Vice President and Chief Financial Officer LEVEL 3 PARENT, LLC Dated: September 24, 2024 By: /s/ Chris Stansbury Chris Stansbury Executive Vice President and Chief Financial Officer QWEST CORPORATION Dated: September 24, 2024 By: /s/ Chris Stansbury Chris Stansbury Executive Vice President and Chief Financial Officer 6

View Full Filing

View this 8-K filing on SEC EDGAR