Loan & DebtJun 10, 2026, 09:01 AM
Qwest Corp Announces Final Results of Debt Exchange Offers
AI Summary
Qwest Corporation, a wholly-owned subsidiary of Lumen Technologies, Inc., announced the expiration and final results of its previously announced exchange offers and consent solicitations. The offers involved exchanging Qwest's 6.5% Notes due 2056 and 6.75% Notes due 2057 for new 6.500% Notes due 2051 and 6.750% Notes due 2052, respectively, which are fully and unconditionally guaranteed by Lumen. The company successfully received the requisite consents to amend the indentures governing the old notes and expects to delist and deregister the old notes, ceasing SEC reporting.
Key Highlights
- Exchange Offers and Consent Solicitations for Qwest's outstanding notes expired on June 9, 2026.
- $831,929,425 principal amount of 6.5% Notes due 2056 were tendered and accepted for exchange.
- $551,918,650 principal amount of 6.75% Notes due 2057 were tendered and accepted for exchange.
- Qwest will issue new 6.500% Notes due 2051 and 6.750% Notes due 2052, guaranteed by Lumen.
- Total cash payment for consent fees was $2,079,823.56 for 2056 Notes and $1,379,796.63 for 2057 Notes.
- Requisite Consents were received for both series of Old Qwest Notes to amend their indentures.
- Old Qwest Notes were delisted from NYSE and will be deregistered, ceasing SEC reports.
Price Impact
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