Lumen Technologies

Lumen Technologies subsidiary Level 3 Financing amended the credit agreement and completed a refinancing of the secured tranche B‑4 term‑loan facility for $2.4 billion, which remains due on March 27, 2032. The interest structure provides either a base rate plus 1.75 percentage points or SOFR plus 2.75 percentage points; the loans are secured by senior collateral and guarantees of the company’s material domestic subsidiaries. After the transaction, Lumen’s total debt is $13.25 billion; the company also plans a $1 billion senior note due 2037 and reported Q1 results with revenue rising to $2.9 billion and negative EPS of -$0.47. » More on de.investing.com

Lumen is moving a mission-critical enterprise billing platform to Microsoft Azure as part of its cloud-first strategy. Amdocs is managing the migration and is using AI-powered migration tools from the Amdocs Operating System. The change aims to improve resilience, scalability and operational efficiency for Lumen's enterprise customer business and is part of a broader multi-cloud strategy with Azure, Google Cloud and AWS. » More on de.investing.com

Lumen extends the early participation and withdrawal deadline for its exchange offers for Qwest bonds from 5:00 p.m. ET on May 15, 2026, to 5:00 p.m. ET on May 22, 2026. The offers affect the 6.5% notes due 2056 and the 6.75% notes due 2057, which are to be exchanged for new Lumen-guaranteed notes with the same interest rates and maturities. The exchange offers remain scheduled to expire on May 26, 2026, and are subject to conditions such as the SEC’s effectiveness of the registration statement; all other offer terms remain unchanged. » More on de.investing.com