Lumen, Qwest Enter Support Agreement for $456 Million Exchange

May 20, 2026, 9:35 PM UTC

Lumen Technologies and its subsidiary Qwest entered a support agreement with certain noteholders to tender around $456 million of old notes in previously announced exchange offers, the company said.

  • Supporting noteholders agreed to tender approx. $296.5 million of existing 2056 notes
  • Supporting noteholders agreed to tender approx. $159.5 million of existing 2057 notes
  • Tender deadline for supporting noteholders is June 2 at 5pm
  • Qwest will issue new 6.500% notes due 2051 and 6.750% notes due 2052
  • New notes will be exchanged on a par-for-par basis with old notes
  • Lumen will fully and unconditionally guarantee the new notes on unsecured basis ...

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