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. » Mais em 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. » Mais em 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. » Mais em de.investing.com

Lumen reported Q1 results in line with expectations with total business revenue down 3.2% year‑over‑year to $2.44 billion and adjusted EBITDA of $849 million. Network-as-a-Service adoption accelerated, with customer adoption up 25% sequentially and nearly 2,500 NaaS customers. The company announced a $475 million cash deal to acquire Alkira to expand cloud-to-cloud and data center connectivity and said integration will preserve Alkira’s independent engineering focus. After closing its fiber-to-the-home sale to AT&T, Lumen strengthened the balance sheet, reduced leverage and raised 2026 free cash flow guidance to $1.9–$2.1 billion. » Mais em finance.yahoo.com

Lumen reported revenue of $2.899 billion for Q1 2026 (‑8.9% y/y), beating analysts' revenue expectations but missing on EPS, with earnings per share of ‑$0.47. Strategic revenue rose 9.4% to $1.246 billion and accounted for 51% of total revenue for the first time, while legacy business revenue fell 13.5%. Management outlined a platform strategy—expanding Cloud‑2.0 infrastructure and the planned acquisition of Alkira—for addressable markets of about $70 billion. Lumen raised its 2026 free cash flow guidance to $1.9–2.1 billion and reduced leverage below 4.0x, but sees near‑term profitability challenges. » Mais em de.investing.com