Lumen secures support for exchange of $456 million Qwest notes into new debt

• Lumen entered a support agreement with holders of about $456 million of Qwest’s 6.5% Notes due 2056 and 6.75% Notes due 2057 tied to its exchange offers.
• The supporting holders agreed to tender about $296.5 million of the 2056 notes and $159.5 million of the 2057 notes by June 2 for par-for-par new Qwest notes due 2051 or 2052, backed by Lumen on an unsecured basis.
• Qwest amended the exchange offers to drop the early tender date, extend the expiration and withdrawal deadlines to 5 p.m. ET on June 9, 2026, and allow 2057 holders to elect either new series.
• Settlement remains subject to SEC effectiveness of the amended Form S-4 registration statement.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Lumen Technologies Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260520424756) on May 20, 2026, and is solely responsible for the information contained therein.