Loan & DebtMay 12, 2026, 08:42 AM
Lumen & Qwest Extend Exchange Offer & Consent Solicitation Deadlines
AI Summary
Lumen Technologies, Inc. and its wholly-owned subsidiary, Qwest Corporation, announced a further extension of the early participation date and withdrawal deadline for their previously announced exchange offers and consent solicitations. The new deadline for early participation and withdrawal is now May 22, 2026, at 5:00 p.m. ET, extended from May 15, 2026. The offers involve exchanging Old Qwest Notes for New Qwest Notes, which will be guaranteed by Lumen, and soliciting consents for amendments to the Old Qwest Notes' indentures. All other terms of the offers remain unchanged, with the final expiration date set for May 26, 2026.
Key Highlights
- Lumen Technologies and Qwest Corporation extended the early participation date and withdrawal deadline for their exchange offers and consent solicitations.
- The deadline for early participation and withdrawal has been moved from May 15, 2026, to May 22, 2026, at 5:00 p.m. ET.
- The exchange offers involve Qwest's 6.5% Notes due 2056 and 6.75% Notes due 2057 (Old Qwest Notes).
- Old Qwest Notes are being exchanged for new 6.500% Notes due 2056 and 6.750% Notes due 2057 (New Qwest Notes).
- The New Qwest Notes will be fully and unconditionally guaranteed on an unsecured basis by Lumen Technologies.
- The overall expiration date for the Exchange Offers remains May 26, 2026, at 5:00 p.m. ET.
- Consent solicitations are also being made to amend the indentures governing the Old Qwest Notes.
Price Impact
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