Lumen Technologies Enters Material Definitive Agreement
Ticker: LUMN · Form: 8-K · Filed: Sep 24, 2024 · CIK: 18926
Sentiment: neutral
Topics: material-agreement, financial-obligation
Related Tickers: LUMN
TL;DR
Lumen (LUMN) signed a big deal, expect financial moves.
AI Summary
Lumen Technologies, Inc. entered into a material definitive agreement on September 24, 2024, related to a direct financial obligation. The company, formerly known as CenturyLink, Inc., is involved in telephone communications.
Why It Matters
This filing indicates a significant new financial commitment or obligation for Lumen Technologies, which could impact its financial standing and future operations.
Risk Assessment
Risk Level: medium — Entering into material definitive agreements can introduce new financial obligations or strategic shifts that carry inherent risks.
Key Players & Entities
- Lumen Technologies, Inc. (company) — Filer
- CenturyLink, Inc. (company) — Former company name
- Level 3 Parent, LLC (company) — Related entity
FAQ
What type of material definitive agreement did Lumen Technologies enter into?
The filing indicates the agreement relates to a direct financial obligation or an obligation under an off-balance sheet arrangement of the registrant.
When was this agreement entered into?
The agreement was entered into on September 24, 2024.
What was Lumen Technologies formerly known as?
Lumen Technologies, Inc. was formerly known as CenturyLink, Inc.
What is Lumen Technologies' primary industry?
Lumen Technologies operates in Telephone Communications.
Is Level 3 Parent, LLC related to this filing?
Yes, Level 3 Parent, LLC is listed as a filer with a Central Index Key of 0000794323.
Filing Stats: 3,706 words · 15 min read · ~12 pages · Grade level 15.9 · Accepted 2024-09-24 17:11:04
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