Loan & DebtApr 16, 2026, 07:21 AM
Lumen Technologies Secures $825M Revolving Credit Facility
AI Summary
Lumen Technologies, Inc. secured an $825 million revolving credit facility on April 14, 2026, with Bank of America, N.A. as administrative agent. The facility bears interest at Term SOFR plus 2.75% or a base rate plus 1.75%. While Lumen itself does not provide security, certain subsidiaries offer unconditional guarantees, and Level 3 Parent, LLC and its subsidiaries provide secured guarantees up to $150 million. Qwest Corporation and its subsidiaries will provide unsecured guarantees of collection.
Key Highlights
- Lumen Technologies entered an $825 million revolving credit facility.
- Interest rates are Term SOFR + 2.75% or base rate + 1.75%.
- Level 3 Collateral Guarantors provide up to $150 million in secured guarantees.
- Certain Lumen subsidiaries provide unconditional guarantees.
- Qwest Corporation and subsidiaries provide unsecured guarantees of collection.