Lumen Technologies And Qwest Enter Into Support Agreement With Certain Holders; Amends Terms
Lumen LUMN | 0.00 |
Pursuant to the Support Agreement, the Supporting Noteholders have agreed to tender an aggregate principal amount of approximately $456 million of Old Qwest Notes in the Exchange Offers on the terms set forth in the Exchange Offers, consisting of approximately $296.5 million of Existing 2056 Notes and $159.5 million of Existing 2057 Notes, no later than 5:00 p.m., Eastern Time, on June 2, 2026. In exchange, the Supporting Noteholders will receive newly issued 6.500% Notes due 2051 (the "New 6.500% 2051 Notes") or 6.750% Notes due 2052 (the "New 6.750% 2052 Notes," together with the New 6.500% 2051 Notes, the "New Qwest Notes"), as applicable, by Qwest, on a par-for-par basis, to be fully and unconditionally guaranteed on an unsecured basis by Lumen.
